Cover employees from work-related accidents and illnesses with workers’ compensation insurance.
Coverage that helps safeguard your business.
Workers’ compensation insurance is not just a legal requirement, it’s an investment in the safety and security of your employees. Without it, your business could face expensive lawsuits. Fortunately, you can help safeguard your business by providing insurance to your employees.
Required coverage in most places.
The precise rules vary from place to place, but the general rule is that your business must take out workers’ compensation insurance for employees that pays out if they are injured at work. This means that should an employee be injured on the job, they may be covered. In addition, retaining skilled and experienced employees is important for any type of business, so having the proper coverage in place helps your business in the long term.
What does workers’ compensation insurance cover?
As a business owner, knowing the risks of injury is one thing, but understanding what workers’ compensation covers is equally important. In principle, payouts typically cover medical bills, care costs, and a portion of any lost wages. Plus, in the worst-case scenario, it may cover funeral costs and death benefits.
The risks you face without insurance.
There are often harsh legal penalties for businesses that don’t carry workers’ compensation coverage for their employees. Aside from that, this type of coverage benefits your business by helping your employees get medical treatment that helps them return to work fit and healthy.
Workers’ compensation coverage above legal minimums.
Many policies go beyond the legal minimums and may also pay your legal costs if an employee sues your business over a workplace injury. This is an important safeguard to help protect your business.
What injuries are covered by workers’ compensation insurance?
Injuries that occur while on the job may be covered, whether they are caused by auto accidents, natural disasters, illnesses, toxic chemical exposure, or violence in the workplace.
How much does workers’ compensation insurance cost?
The costs associated with your policy may vary depending on your industry, the location of your business, and the frequency of past injuries.
Workers’ compensation combines with other policies.
While you can get standalone workers’ compensation policies, you can also often get coverage as an add-on to other policies. These include business owners insurance policy (BOP), general liability insurance, and professional liability insurance.
Are you looking for workers’ compensation insurance for your business? Contact us to get started.