A low cost to very high cost benefit 

Benefit: Pays medical, disability, or death claims for on the job injury. (Workers compensation is not required by the State of Texas,) The employer is 100% responsible for any on the job injury. The employer mush pay any medical, disability, or death claim of any full time or part time employee. Employer is also required by State Law to file TWCC-5 with the Insurance Commissioner in Austin. 

*We can provide you with compliance instructions to avoid costly fines.

Cost per person: cost is a percentage of payroll and job description by code. 8810 (code for office personal) can be less than one percent, or 5705 (code for logging industry). Average, is 20% of payroll. (This means when you pay your employee $1.00 you will pay the insurance company 20 cents.)

How much is customary: State mandated minimum, (If using an ERISA accident plan a Combined limit of 500,000.00 to 1,000,000.00.)

Who should pay: Employer is required by all insurance carriers and or the state to pay 100% of premium. Participation requirements are 100% for all employees part time or full-time.

To provide your rate: For an ERISA accident plan, we need industry, specific job descriptions, amount of monthly payroll (classified per jobs), and number of employee's. For ERISA Reimbursement Plan completed questioner. For Workers Compensation plan a Completed Accord Form. Group Accident Census