Kentucky Compensation Agreement
Description
How to fill out Compensation Agreement?
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FAQ
Workers receiving a lost wage benefit are paid at two-thirds of his or her regular weekly base wage. You will also be evaluated by a physician who will determine any physical impairments or limitations as a result of the injury.
In general, you must include yourself in your company's workers' comp insurance, but there are exceptions: If you're a sole proprietor. However, if you have employees, you must provide workers' compensation for them. If you're a partner in the firm.
Generally, workers' compensation income benefits are 66 2/3% of your average weekly salary, up to the state maximum as set forth by the Department of Workers' Claims. You may, however, use your accumulated leave to keep your regular salary.
?The Kentucky Workers' Compensation Act was enacted in 1916. Workers' Compensation is a safety net for employees, providing medical care and monetary benefits when an employee cannot work due to a work-related injury or occupational disease.
Under Kentucky workers' comp laws, certain employees are exempt from coverage, including: Any person employed in agriculture. Members of a religious sect or organization that oppose insurance benefits. Domestic workers employed in a private home with less than two regularly employed workers.
Multiply the weekly benefit rate by 425 weeks, if the disability rating is 50% or less, or by 520 weeks, if greater than 50%. This is the value of the claim if paid on a periodic basis. All income benefits terminate at age seventy (70), or four (4) years after the date of injury, whichever is later.
There is a seven-day waiting period.
All employers in Kentucky are required to carry workers' compensation insurance if they have one or more employees. To be eligible for workers' comp, you must suffer from a work-related injury or occupational disease. The law permits people to receive benefits even if their own negligence caused their accident.
Generally, workers' compensation income benefits are 66 2/3% of your average weekly salary, up to the state maximum as set forth by the Department of Workers' Claims. You may, however, use your accumulated leave to keep your regular salary.
KESA is a group self-insurance fund, which means we are comprised of a group of employers formed for the specific purpose of providing workers' compensation coverage to its employees. Members of KESA pay a premium based on their exposures, classification codes, payroll, and experience modification.
