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NV, USA
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Posted: 5/24/2024 9:08:48 AM EDT
Ok so I’ve been on Workmen’s Comp. due to foot injury since last July Getting paid twice a month and seeing the doctor everything’s going well but I just found out that the company which is 25 years old is being bought out by a another company….do I have anything to worry about?
P.S I have not contacted a lawyer yet. |
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Posted: 5/24/2024 9:29:48 AM EDT
[Last Edit: flcracker]
[#1]
Not sure about NV, but in FL worker's comp insurance is regulated by the State. Once you're in the benefits payout system the employer has nothing to do with it.
You could reach out to these folks for a more informed answer. State of Nevada Workers' Compensation Office |
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NV, USA
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Posted: 5/24/2024 9:35:29 AM EDT
[#2]
Quote HistoryOriginally Posted By flcracker: Not sure about NV, but in FL worker's comp insurance is regulated by the State. Once you're in the benefits payout system the employer has nothing to do with it. You could reach out to these folks for a more informed answer. State of Nevada Workers' Compensation Office Thank you. |
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Posted: 5/24/2024 9:42:20 AM EDT
[Last Edit: fxntime]
[#3]
Depends on if the new company wants to try to see if you can be put back to work and to try and close the claim. WC doesn't tend to mean forever in most companies eyes and just because the company you work for let it run for almost a year doesn't mean that the new one that bought it isn't going to push for a resolution. If you aren't working, you are dead weight to them and a liability, nothing more.
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NV, USA
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Posted: 5/24/2024 10:09:27 AM EDT
[#4]
Quote HistoryOriginally Posted By fxntime: Depends on if the new company wants to try to see if you can be put back to work and to try and close the claim. WC doesn't tend to mean forever in most companies eyes and just because the company you work for let it run for almost a year doesn't mean that the new one that bought it isn't going to push for a resolution. If you aren't working, you are dead weight to them and a liability, nothing more. I understand, my right foot got crushed by a 75# bock of cast steel & have had 2 reconstructive surgeries so far I’m not milking it one bit. Thank |
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ON, CAN
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Posted: 5/24/2024 10:13:06 AM EDT
[#5]
https://www.youtube.com/watch?v=Qv43UsG6fhY
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Posted: 5/24/2024 10:13:46 AM EDT
[#6]
Quote HistoryOriginally Posted By BigPapaColt: I understand, my right foot got crushed by a 75# bock of cast steel & have had 2 reconstructive surgeries so far I’m not milking it one bit. Thank Quote HistoryOriginally Posted By BigPapaColt: Originally Posted By fxntime: Depends on if the new company wants to try to see if you can be put back to work and to try and close the claim. WC doesn't tend to mean forever in most companies eyes and just because the company you work for let it run for almost a year doesn't mean that the new one that bought it isn't going to push for a resolution. If you aren't working, you are dead weight to them and a liability, nothing more. I understand, my right foot got crushed by a 75# bock of cast steel & have had 2 reconstructive surgeries so far I’m not milking it one bit. Thank I'm not saying you are but new owners of companies will usually focus on assets and liabilities on both the hard [physical assets] and soft assets. [employees] As long as you can show you are following all the Dr recommended stuff, you should be fine as long as they are documented. However, don't be surprised if there is an increased amount of attention placed on you for awhile. |
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NV, USA
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Posted: 5/24/2024 10:29:55 AM EDT
[Last Edit: BigPapaColt]
[#7]
Quote HistoryOriginally Posted By fxntime: I'm not saying you are but new owners of companies will usually focus on assets and liabilities on both the hard [physical assets] and soft assets. [employees] As long as you can show you are following all the Dr recommended stuff, you should be fine as long as they are documented. However, don't be surprised if there is an increased amount of attention placed on you for awhile. Quote HistoryOriginally Posted By fxntime: Originally Posted By BigPapaColt: Originally Posted By fxntime: Depends on if the new company wants to try to see if you can be put back to work and to try and close the claim. WC doesn't tend to mean forever in most companies eyes and just because the company you work for let it run for almost a year doesn't mean that the new one that bought it isn't going to push for a resolution. If you aren't working, you are dead weight to them and a liability, nothing more. I understand, my right foot got crushed by a 75# bock of cast steel & have had 2 reconstructive surgeries so far I’m not milking it one bit. Thank I'm not saying you are but new owners of companies will usually focus on assets and liabilities on both the hard [physical assets] and soft assets. [employees] As long as you can show you are following all the Dr recommended stuff, you should be fine as long as they are documented. However, don't be surprised if there is an increased amount of attention placed on you for awhile. You are correct I’ve been under Surveillance, I’m doing everything by the book so no worries there 👍🏻 |
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MD, USA
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Posted: 5/24/2024 11:16:23 AM EDT
[Last Edit: Sundowner08L]
[#8]
No. The obligation to pay WC is technically a joint obligation between your employer and its insurer, but practically it is the sole obligation of the insurer. WC policies are claims made policies, so that once you filed a claim (you are certain you did, aren't you?) you and that insurer are wedded for the life of the claim. Nothing your employer could do would change that relationship. Some states have guarantee funds so that even if your employer's insurer went out of business, you would still be paid your WCC.
That is not to say you are guaranteed your same employment, or any employment, upon your return to work regardless of whether the company is sold. |
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NV, USA
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Posted: 5/24/2024 11:49:54 AM EDT
[#9]
Quote HistoryOriginally Posted By Sundowner08L: No. The obligation to pay WC is technically a joint obligation between your employer and its insurer, but practically it is the sole obligation of the insurer. WC policies are claims made policies, so that once you filed a claim (you are certain you did, aren't you?) you and that insurer are wedded for the life of the claim. Nothing your employer could do would change that relationship. Some states have guarantee funds so that even if your employer's insurer went out of business, you would still be paid your WCC. That is not to say you are guaranteed your same employment, or any employment, upon your return to work regardless of whether the company is sold. Thank & yes I have a claim, and it’s from a very well known and quality WC insurance provider here in Northern Nevada. |
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IA, USA
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Posted: 5/24/2024 4:35:04 PM EDT
[#10]
If the new company is “Sedgwick “ they would prefer you die to them paying to fix any medical injuries.
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NV, USA
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Posted: 6/21/2024 12:05:55 AM EDT
[#11]
No, the work comp insurance is who pays you the benefits. Doesn't matter if your employer gets bought out.
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