Your employees work hard for your business. In some industries, employees perform incredibly risky tasks every day. No matter what your industry, however, you can protect your employees from injuries or illnesses which arise from performing their job.
Workers’ Comp Insurance
Workers’ compensation and employers liability insurance protects your employees should a job-related injury or sickness occur during the course of employment. Since benefits vary by state law, make sure your insurance agent is aware of all physical locations your business operates in and all physical locations where you hire your employees.
Workers’ compensation protects employees by providing for their medical care and even lost wages while they heal and recover from a work-related injury or illness. It ensures they get the care they need so they can get back to work.
By providing workers’ comp insurance, you also protect your business. Without workers’ comp, injured employees may not have the means to pay for work-related medical expenses. Which means they could come after their employer, adding expensive legal fees, settlements, and judgements to the already high cost of their care. When you provide workers’ comp, your employees are ensured that they will be taken care of in the event of an accident, and you get peace-of-mind that the smallest injury won’t become the largest of hassles.
Do You Need Workers’ Comp?
Workers’ comp insurance is so beneficial to both employees and employers that it’s required by law in most states. Even if you have one single employee, you may be required to carry this essential business insurance coverage.
Whether it’s required for your business or not, carrying workers’ comp insurance is a good strategy for your business. There’s no better way to share your appreciation for your employees than to have their back in the event that something causes them harm while they perform their job.