The idea behind workers’ compensation insurance is simple. It’s a no-fault insurance program. As an employer you pay for workers’ compensation insurance and in return your business is covered for work-related accidents. This insurance protects you as an employer against lawsuits arising from workers injured on the job or developing work-related illness… whether it occurs on your workplace premises or elsewhere, including cases of business-related traffic accidents. Workers’ compensation coverage applies regardless of who was at fault.
Workers’ compensation insurance is required by law in almost every state. Each state’s rules and requirements may vary significantly. The insurance professionals at Boizelle Insurance Partnership can help you understand these and other details, so that you not only follow your state’s laws, but make sure your business and employees are adequately covered and protected.
When the unexpected happens, it’s essential that your employees’ medical needs are quickly addressed so they can return to work as fast as possible. Let a Boizelle Insurance agent create a tailored, multi-covered workers’ compensation insurance solution that meets the specific needs of your business.
Workers’ compensation coverage can help pay for doctor, medical, and hospital bills. It will help make up for lost wages and cover rehab and other expenses. If an employee is unable to return to their current position, workers’ compensation insurance may include training with new skills for a new position. If your employee can’t return to work at all, it will pay a long-term benefit. Or, if an employee dies due to a work related accident, it will pay an insurance benefit to their family.
It is important to remember that your business insurance package does not include workers compensation. It is necessary to carry a separate policy for workers’ compensation insurance.
If you’ve just hired your first employee, you might be wondering what you are required to do and what your options might be. If you are a seasoned business owner, you might wonder if you are getting the best rates and the appropriate coverage. Our knowledgeable and experienced agents at Boizelle Insurance Partnership are here to educate you about this critical coverage. Contact us today to review your current policy and discuss the best and most cost effective way to protect your business and your employees.