What Is Workers Compensation Insurance?

While no business owner wants to see a worker injured, accidents do. Employers are legally obligated to provide a safe workplace and compensation in the event of an accident or injury.  Should someone get hurt on the job, your workers comp policy will  provide complete medical care benefits and cover lost wages until your employee can return to work.

Are all Injuries covered by Workers Compensation?

Almost any injury that occurs on the job is covered. Most workmans comp injuries are related to traffic accidents that occur while an employee is driving for work. While commutes usually aren't covered, any travel done specifically for work-related purposes is covered. There may be exceptions based on the nature of your business, but we can help you work through that.

How Much is Workers Comp insurance?

The premiums for workers comp change with the size of your payroll, the type of work you do, and where the business is. A small business might only pay around $2,000 per year for workers compensation coverage, but larger business with many employees need more coverage. If your business is focused on a risky sector such as construction or machine work, your costs will almost always be higher than service businesses such as accountants.

Who Does Workers Comp Cover?

Workers comp policies provides coverage for both full- and part-time employees. Coverage rules also vary by state. Some states only require works comp insurance if you have certain number of employees and some except certain occupations. We can help you navigate all of those rules and regulations.

Can I Get Lower Workers Comp Insurance costs?

Managing your business' risks is the first step to protecting your employees and keeping your workers comp insurance costs down. Cultivating a culture of safety and training go a long way. Like a safe driving records, a history of maintaining a safe working environment will help lower your premiums.

We can also help you analyze your insurance needs and compare policies to make sure you have the right plan for your business without spending too much money.