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We will provide quality service to help you achieve the best medical recovery possible from your work injury and help you return to work. Workers' Compensation is funded by premiums paid by employers to provide coverage for lost wages and medical bills when an on the job injury occurs.
Work comp rates for all job classification codes are always expressed as a percentage of $100 in wages. An annual policy is always subject to an audit because it was based on estimated wages and not actual wages. In order to calculate the cost of the policy you only need to multiply each rate with its divided payroll.
You must Report your Injury to your employer within 72 hours of the accident causing your injury and within 10 days to the Workers' Compensation Division. Injury reports must be signed by the injured worker.
Some states limit the length of time an injured worker can receive temporary benefits. This range can be three to seven years. That said, there is not usually a limit on permanent disability benefits. However, some states do stop weekly benefits when employees reach the age of 65.
Temporary Total Disability benefits are the equivalent of 2/3 of your gross monthly wage at the time of injury, but cannot exceed the Statewide Average Wage for the quarter you were injured. Temporary Total Disability benefits are not taxable.
Workers' Compensation is funded by premiums paid by employers to provide coverage for lost wages and medical bills when an on the job injury occurs. In exchange, employers receive the benefit of reduced medical costs and are protected against lawsuits from the injured party, as outlined in Wyo.
In most cases, injured workers in Colorado have two years from the date of an accident to do file their claims. In certain cases, a judge may extend the statute of limitations to three years.