15
Jan

Wal-Mart to Hire 100,000 Veterans Increasing Importance of Workers Compensation Insurance

Wal-Mart to Hire 100,000 Veterans Increasing Importance of Workers Compensation Insurance

Making the news today is retail giant Wal-Mart who announced that over the next five years they will be hiring 100,000 veterans – making it one of the largest hiring
commitments for veterans on record.

In recent years, finding any work in general, has been a struggle for veterans. Unemployment rates for
veterans serving in recent wars has fallen some, but remained high, but now with veterans having the opportunity to work and serve the country in a different way, a new question arises – How will their new “General” (Wal-Mart) will be protecting them?

For Wal-Marts in New Jersey, NJ Workers compensation will be that much more important. NJ Workers compensation is a type of insurance coverage that will protect these veterans in case of injury or disease during the course of
employment.

Policies can provide coverage for:

  • Medical expenses
  • Lost income/wages
  • Rehabilitation costs
  • Death benefits
  • And more…

Wal-Mart is mandated to purchase
NJ workers comp insurance to cover medical expenses, permanent
disability, and a portion of an injured employee’s wages. If Wal-Mart did not offer it they could be fined up to $2,500 a day and can face a Class D
felony charge with a mandatory minimum one year prison sentence.
Termination of an employee who is injured while working and/or who files
a workers compensation claim is also illegal. It think it’s safe to say these Vets are in good hands!

For Insurance in New Jersey, American Insurance Services Agency is
your Insurance Agent of choice. We offer affordable NJ auto, business
and home insurance coverage and policies.Contact us today online or by calling (732)  680-4444