A key part of running your business is keeping employees safe at work. However, if a worker does suffer an injury, workers compensation coverage provides you and your employees with important protection.
Workers compensation coverage is a state-mandated insurance program that covers lost wages and medical treatment resulting from an employee’s work-related injury or illness. It also covers services needed to help an employee recover and return to work.
As the preferred business insurance provider and one of the nation’s leading carriers of workers compensation, we have the knowledge and resources necessary to:
- Assist injured workers in obtaining necessary medications for work-related injuries without out-of-pocket expenses
- Deliver top claims services with consistently superior outcomes
- Provide quality, affordable treatment for injured workers from our network of local medical providers
The most effective way to lower your total cost of risk is to prevent accidents from happening. Our full slate of risk control services will help you do exactly that.
We know that every minute of lost productivity hurts your business, so we take pride in the fact that we close claims faster and at lower cost than the industry average.Our expertise results in fewer days out of work for your employees and a significantly lower cost of risk for your business.
Workers’ Comp (formerly “workman’s comp”) emerged from a “grand bargain” between business owners and workers. Business owners were tired of being sued by injured workers. Workers were tired of being injured.
So Workers’ Comp Insurance was designed to help pay for work injuries and illnesses without the rigmarole of a lawsuit. This liability insurance policy can help your business do three things:
- Pay for medical expenses and replacement wages when employees are injured at work.
- Comply with state Workers’ Comp laws.
- Pay for legal expenses if an employee sues over a work injury the policy doesn’t cover.
Most states require employers to buy Workers’ Compensation Insurance as soon as they hire their first employee. Even when that’s not the case, it’s smart to have this policy, because the cost of workplace injuries is substantial: