Our last post discussed how a client was able to maximize his recovery when he purchased underinsurance. This post discusses another twist in Harry’s case, that is the value of workers’ compensation insurance for self-employed people.
If you have been involved in an accident, please call me at 800-581-1434.
You should recall that Harry was struck by an automobile when he was crossing to his garage after he had visited an auto parts store on the other side of the street.
Harry was in the course of his employment as a car mechanic. He owned the garage with his partner. Although Harry carried workers’ compensation insurance for his employees, he neglected to buy workers’ compensation to cover himself and his partner. This is an optional coverage.
Workers’ compensation insurance would have provided Harry with almost unlimited medical insurance and lost income as well as a scheduled award.
Fortunately, Harry had coverage for medical and lost income through the No Fault insurance coverage of the vehicle that struck him as well as his own auto policy. However, if Harry had carried workers’ compensation coverage for himself as the owner, then he would have had much more coverage for medical and lost income.
The lesson of this case: if you are self-employed, buy optional coverage from your workers’ compensation carrier so that you are covered when you are injured on the job.
If you have been involved in an automobile accident, please call me at 800-581-1434.
Mark E. Seitelman, 3/16/09, www.seitelman.com.