When workers are injured on the job, your number one priority is getting them the help and treatment they need to recover. You also need to protect your business from experiencing significant financial loss. Workers comp insurance gives you access to funds that specifically support injured workers so that they receive proper medical care while keeping your business afloat.
Claim Coverage and Resolution
Insurance provides compensation to cover employee wages, legal fees and other charges associated with injuries. Your insurance provider also helps you work through legal claims, provide your employees with medical care and helps recovered employees transition back to work.
Mandatory State Requirements
Every state has different policies, but some form of workers comp insurance is usually mandated. Insurance helps your business meet the state’s legal requirements to keep you in compliance and navigate the legal system so that you do not have to face claims and other legal repercussions on your own.
Overall Risk Reduction
Though your workers’ health is always a priority, insurance also reduces risk for your business. It prevents you from experiencing severe financial hardship while assisting injured employees.
Though workers comp insurance is mandated by your state, make sure your plan fits the needs of your business. Talk with your provider to ensure that both you and your employees are fully covered.