Coverage that safeguards your business.

Workers’ compensation insurance, or simply workers’ comp, is not just a legal requirement in some states. It’s an investment in the safety and security of your employees. And without it, your business could face expensive lawsuits. Fortunately, you can safeguard your business by providing workers’ comp insurance to your employees.

Required by most states.

The precise rules vary from state to state, 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 ensures that should an employee be injured on the job, they will 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’ comp covers is equally important. In principle, the workers’ comp payouts will cover medical bills, care costs and a portion of any lost wages. Plus, in the worst-case scenario, workers’ compensation insurance will cover funeral costs and death benefits.

The risks you face without it.

There are often harsh legal penalties for businesses that don’t carry workers’ comp. But, aside from that, workers’ comp insurance benefits your business by making sure staff get adequate medical treatment that helps them return to work fit and healthy.

Coverage above the legal minimums.

Many workers’ compensation insurance policies go beyond the legal minimums and will also pay your legal costs if an employee sues over a workplace injury. This is an important safeguard to protect your business.

Combines with other policies.

While you can get standalone workers’ compensation policies, you can also often buy workers’ comp coverage as an add-on to other policies. These include business owners policy (BOP), commercial general liability insurance, or professional liability insurance.

Our insurance experts are ready to help you determine the best method for obtaining proper workers’ compensation insurance for your business. We understand the variety of risks involved across industries and can fine-tune your policy to fit your specific business. Contact us today to get started.