Worker’s Compensation Basics

Worker’s Compensation insurance covers your employees in case they’re injured while on the job, and it goes a long way toward preventing claims of negligence against businesses. When you carry Worker’s Compensation insurance, you can rest assured that your business is protected from costly lawsuits due to workplace accidents. That peace of mind is priceless.

If you’re a small business owner, you might be tempted to think that this type of coverage is too expensive or not worth it. You might also be concerned that having Worker’s Compensation insurance will increase your premiums and make doing business more costly.

Not true. In fact, most states require any business with one or more employees to carry Worker’s Compensation insurance, so it’s something you’ll have to deal with regardless of your business size.

And the fact is, Worker’s Compensation insurance isn’t just a legal requirement – it can also save your company money over the long term. For example, if you’re sued after an employee becomes injured while working on your premises, even if you weren’t negligent it can still cost you dearly. You may have to pay for court costs, legal fees, and the employee’s lost wages while they’re not able to work. All of this can add up quickly enough to put you out of business.

More About Worker’s Compensation Insurance

To learn more about how to best protect your business and your employees with a properly structured worker’s compensation policy, click the button below. Our team will provide a free quote and consultation to get you started.