An alarming study finds that about 44 percent of residents not just in Alabama but across the country do not have enough of a financial safety net in the form of savings and liquid assets to remain above poverty for more than three months in the event that their income was eliminated. This is a sobering realization. Further, it is reported around 30 percent of residents around the country have no savings account.
This means that in the event of extenuating circumstances, an individual could quickly find themselves scrambling just to put food on the table. An extenuating circumstance can mean a car accident, an illness or a workplace injury.
So what happens if an individual in Huntsville is seriously injured on the job, and is then unable to return to work to continuing bringing home their paycheck following the injury? Well, the good news is that under Workers' Compensation Law, individuals that are injured on the job in Alabama are covered under a special insurance carried by their employer that provides for medical expenses and replacement wages in the event of a workplace injury.
However, sometimes this process is riddled with road blocks and denied claims. Workers have a lot of rights, but they may not be aware of all of them. This could leave an injured worker vulnerable to an insurer pressuring them to go back to work prematurely or denying their claim. Speaking with an experienced workers' compensation attorney can assist an individual in Alabama maintain their rights and ensure that they receive the full compensation they are entitled to following a workplace injury.
Particularly when so many individuals are already financially strained in our recovering economy, it is critical to make sure that a worker has their rights protected.
Source: WCAI, "Study: Nearly Half In U.S. Lack Financial Safety Net," Pam Fessler, Jan. 30, 2013