In Texas, temporary income paid by Workers' Compensation coverage is 70% of the worker’s earnings, with workers who earn less than $10 per hour compensated at a rate of 75% of their earnings. In all cases, there is a cap on temporary income amounts which changes annually.
Texas employers can purchase Workers' Compensation coverage locally or through an online vendor, such as CoverWallet, which provides expert guidance and the ability to bundle Workers' Compensation coverage with other essential insurance coverages. Texas Mutual Insurance company provides an additional option for Workers' Compensation coverage as the state fund for Texas.
Texas law provides temporary income for disability due to work-related injuries at a rate 70% of the worker's earnings. Workers earning less than $10 per hour are compensated at a rate of 75%. Workers' Compensation income benefits are subject to a cap which can affect higher-income earners.
To help ensure the availability of coverage, many states offer a separate insurer specifically to provide Workers' Compensation coverage or similar coverages. In Texas, Texas Mutual Insurance Company serves this role, providing coverage for about 40% of Texas's Workers' Compensation market.
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Being a small business presents several challenges that may need more assistance. While CoverWallet provides you the best insurance, you can also consider these references to further support your small business:
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