Unit VII PowerPoint Presentation

UNIT 7 POWERPOINT RICHARD MUNDELL

WALDORF UNIVERSITY

COURSE OUTLINE

• Key Points of the Workers’ Compensation Program

• Types of Coverage Available

• Recordkeeping Requirements

• Reporting Requirements

WORKERS’ COMPENSATION PROGRAM (KEY POINTS)

• Workers have the right to report work-related injuries or illnesses

• The initial incident investigation is key to gathering the needed facts • Secure the scene • Take pictures • Interview witnesses

• Management has the responsibility to ensure the employee is treated appropriately

• Workers’ Compensation claims will be handled by the designated resource

WORKERS’ COMPENSATION PROGRAM (KEY POINTS) • Cost control

• Effective medical management for all employees

• Acute Care

• Emergency room visits cost big dollars

• Annual visits with local hospital emergency rooms

• Medical Management Services

• Dedicated medical practitioners invested in the medical outcomes

• Facilitating the necessary treatment of employees

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TYPES OF COVERAGES AVAILABLE

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• Identify the type of business structure • Sole proprietorship • Partnership • corporation

TYPES OF COVERAGES AVAILABLE

• Know the coverage requirements for the state

• Decide of coverage is needed • Some states may not require workers’ compensation coverage if the work

is not considered hazardous

• Determine how much coverage should be purchased based on what is best suited for the company

TYPES OF COVERAGES AVAILABLE

• Medical Care Coverage • Hospital visits • Surgeries • Doctors visits • Prescribed medications • Physical therapy • Other medical costs

associated

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RECORDKEEPING SYSTEM

• The Occupations Recordkeeping Data Base houses all incident information

• Claims are filed using this system by the medical staff

• Fair Labor Standards Act (FLSA) requirements: • Employers must maintain accurate records • Records must include all employees • Records of time worked must be kept (Mondaq Ltd., 2018)

• It is important to make sure pay is entered correctly each day, including overtime!

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REPORTING REQUIREMENTS

• Medical Care Coverage • Hospital visits • Surgeries • Doctors visits • Prescribed medications • Physical therapy • Other medical costs

associated

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ADDITIONAL COVERAGE

• Employees working from home

• Employees who perform errands

• Company provided transportation

• Travel out of state

• Employees who live out of state

• Independent contractors on-site

(Boggs, 2011)

RESOURCES

Boggs, C. J. (2011). The insurance professional’s practical guide to workers’ compensation: From history through audit (2nd ed.). San Diego, CA: Wells Media Group. Don’t Forget About Minimum Wage And Recordkeeping! (2018). Mondaq Business Briefing. Retrieved from http://search.ebscohost.com.libraryresources.waldorf.edu/login.aspx?direct=true&db=edsg go&AN=ed

sgcl.537188950&site=eds-live

PICTURE RESOURCES

Legal Marijuana Domain Names for Sale. (n.d.). Retrieved from www.clearimagedomainnames.com

Businesses & Real Estate Essortment. (n.d.). Retrieved from www.essortment.com

Free Medical Vector Graphis Medical Sign. (n.d.). Retrieved from www.vectorgraphicsforfree.com

Data and Reports Stock Illustration. (n.d.). Retrieved from www. www.dreamstime.com