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L&I manages all claims and pays benefits out of an insurance pool called the Washington State Fund. The fund is financed by premiums paid by employers and employees, not by general revenue taxes.
How Does Workman's Comp Work in Michigan? Starting from their first day on the job, your employees can get workers' comp benefits if they get a work-related injury or illness. Generally, these benefits are 80% of the worker's average weekly wage before they got hurt or sick.
On average, workers pay about 25% of the total premium while the employer pays the remaining 75%. All industrial insurance premiums are collected and eventually paid as benefits or administrative expenses by the Washington State Fund, which is managed by the Department of Labor and Industries.
A worker receives a percentage of wages based upon family status and number of dependents at the time of injury. A worker is entitled to 60% of their gross monthly wage. An additional 5% is added for a spouse and 2% for each dependent child, up to five children.