Employees versus independent contractors makes a big difference in the workers' compensation world.
Those who are employees typically enjoy more benefits and protections, including workers' compensation insurance for being hurt on the job. Independent contractors typically do not.
Uber, a ride-hailing service with independent contractors, is designing an insurance policy that would be very similar to workers' compensation insurance for its drivers. The program would be an optional policy that drivers would pay for at a rate of 3.75 cents per mile for up to 1 million dollars in coverage.
Drivers would pass these costs to the riders and South Carolina is looking at a raised rate of 5 cents per mile for users.
Eight states have approved the option, including South Carolina. The plan is the first of its kind and Uber is excited to offer the plans to its drivers. While unclear how many drivers will sign up for the plan, the policy would allow those who are injured while working, compensation up to $500 a week to replace their income.
Uber is also working on deals for retirement savings accounts and health insurance.
Getting injured while working can cause financial struggles for many if they are unable to work, and workers' compensation was designed to help people in those situations.
Many workers are unaware of the benefits they are entitled to if they are hurt on the job. If you become seriously injured while working, you may need legal help to get you the benefits available and the treatment you need.