According to the state law of the Iowa Division of Workers’ Compensation, Iowa workers’ compensation insurance is required for all employers in the state unless they meet one of a few limited exemptions.
Employers are also required to file a First Report of Injury within four days of notice or knowledge of a work injury (not counting Sundays and legal holidays) if the worker has a temporary disability for more than three days.
In addition, employers may also be required to submit a Subsequent Report of Injury and/or additional paperwork for medical reports, etc. as described in the Duties And Responsibilities Of Employers,Insurance Carriers And Self-Insured Employers handbook.
Employers in Iowa are also required to:
Workers’ compensation insurance helps protect your business from the financial loss of work-related injuries and illnesses. More specifically, workers’ comp coverage can help cover the following for your employees:
Employees have 90 days to report a work-related illness or injury from the date of the accident to be eligible for benefits.
It is the employer’s responsibility to report the incident to their insurance provider as soon as possible to avoid any problems with the claim.
Your insurance company will approve or deny the claim based on eligibility.
Criminal and civil penalties can be imposed on employers who violate the mandatory Iowa workers’ comp insurance law.
Employers who operate without insurance illegally expose their business to the financial risk of an injured employee who sues the employer for the full cost of medical bills, lost wages and more.
Workers’ compensation costs vary across industries. Factors that influence price include:
Get a free instant quote in about 10 minutes from NEXT to see your workers’ comp insurance costs.
While workers’ compensation coverage is recommended for most businesses, not all workers are required by law to carry it. Exemptions include:
For specific guidance on exemptions and insurance coverage, contact a Workers’ Compensation Compliance Administrator.
Even in the case of an exemption, employers can opt into coverage to be protected from unexpected costs if your employee gets hurt at work, including lost wages and medical expenses. Without it, you could be held liable for covering those expenses out of pocket.
NEXT strives to resolve every claim quickly. Learn more about our claims process and how our claims advocates will work with you after an employee injury.
General liability insurance protects your business from common mistakes or accidents, such as customer injury or damages to someone’s property.
If you or your employees drive vehicles for work, you probably need commercial auto insurance. This provides coverage for accident-related expenses in a business-owned vehicle or a personal vehicle being used for work purposes.
Commercial property insurance can provide financial help if your business structures, goods, gear or inventory are damaged or destroyed by a covered event.
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