Understanding Worker’s Compensation Insurance

Worker’s Compensation Insurance is a just plain smart, like wearing a helmet while riding your bike or having car insurance. While it’s mandatory in all 50 states that employers have worker’s compensation insurance for all their employees, the minimum coverage requirements can vary from state to state – and in some cases from city to city.

Worker’s comp insurance pays for an employee’s medical and rehabilitation costs if he is injured on the job, and covers wage losses if the injury makes him unable to work. Worker’s comp also provides some legal protections to employees with regards to negligence claims.

In case you don’t have a worker’s comp policy set up yet, you should know that companies can face stiff fines and liability lawsuits for failing to provide every worker with the required amount of coverage.

What counts as a “workplace” varies from state to state but it usually means any location where a company regularly conducts business – including office buildings, local plants, warehouses, even some customer locations.

Setting Up Worker’s Comp

Whether or not you already have worker’s comp set up, our team can help you make sure you squeeze every last dollar of value out of your policy. Consultations are always free, so you’ve got nothing to lose – click the button below to get started.