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Generally, the value of your workers' compensation claim will increase if you require surgery, as it indicates a more serious injury. Because some workers' comp settlements may be considered final, it may be better to settle your claim after you have surgery and have reached maximum medical improvement (MMI).

Tennessee workers' compensation helps protect your business and employees by paying for: Medical bills resulting from a work-related injury or illness. In Tennessee, you must give your workers a choice of physicians in the local area. Lost wages if injured employees need time off work to recover.

Temporary Disability Benefits (Wage Replacement) Temporary disability benefits are usually two-thirds (⅔) of your average weekly wages earned during the 52 weeks prior to the injury.

Compensation Rates DatesMini Rate% of Avg Wk Wage for Temporary7/1/19 - 6/30/20$144.00110.00%7/1/18 - 6/30/19$139.35110.00%7/1/17 - 6/30/18$135.30110.00%7/1/16 - 6/30/17$133.20110.00%29 more rows

The benefit is 66 and 2/3 percent of the employee's pre-injury average weekly wages and cannot be less than the minimum, or more than the maximum, weekly benefit. It is payable until the employee reaches maximum medical improvement or returns to work or for a period of 450 weeks, whichever is shorter.

The compensation period is determined by multiplying 450 weeks times the assigned impairment rating or 180 days after the employee reaches maximum medical improvement, whichever is later.

To calculate the impairment award, the CE multiplies the percentage points of the impairment rating of the employee's covered illness or illnesses by $2,500.00. For example, if a physician assigns an impairment rating of 40% or 40 points, the CE multiplies 40 by $2,500.00, to equal a $100,000.00 impairment award.

Compensation Rates DatesMini Rate% of Avg Wk Wage for Temporary7/1/21 - 6/30/22$159.00110.00%7/1/20 - 6/30/21$149.10110.00%7/1/19 - 6/30/20$144.00110.00%7/1/18 - 6/30/19$139.35110.00%29 more rows

Once you have the estimated annual payroll for the employee, divide that number by 100. You then multiply that number by the premium rate for the class code to find the total cost of workers' compensation insurance for that employee.