First and Last Accident

If you was working for a company you should be recieving workmans comp. I was out for 2 years (hurt my back moving freight) check came every week then I recieved my settlement.

 

Sounds like his spending and overhead is exceeding what comp is paying, otherwise the bills would be paid up.

 

Or maybe that he worked for an owner operator or something that paid only as a sub contractor on 1099.


In addition, most companies will fight tooth and nail on most workmen's comp claims.

 

and workmans comp doesn't pay that much..........

 

It pays tax free and will be close to the net amount of the pay to some extent.

With a major accident, it will a lump sum event and payout.

 

Kinda like OTR pay??

 

Work comp pays better than unemployment does these days. And you have to pay taxes on unemployment.

 

Workmans comp can be tough but it will get you by. If you are working on a 1099 most states still require the employer(even if u r a contractor)to carry comp. The rules differ by state and the max allowable amounts are different. Mine is through a PA corp--and I carry just for my truck(or anyone that might happen to drive it for me--which does happen occasionally.
The basic formula is--they leave out the current quarter-then they go back 4 quarters--they throw out the highest quater--then they average out those three by the week--then you are paid 66% of that average--up to the states allowable max--which in Pa is somewhere around $875.
For example you make $1050--work comp pays $698wk--not as good as working--but not that much less. Of course if you are a company employee-you probably will not be able to continue your 401 payments. Your employer is not required to keep up your insurance, but a decent one will still let you just make your contribution--and a good one will just carry it for you since you got hurt working for them.
Just my $.02

 

Correct,

the rules vary by state.