Workers Compensation

This coverage is required by law and varies by state. Coverage is compulsory in most states. Failure to carry coverage, for those required, places a tremendous liability on your business and can result in fines. Criminal charges may also apply in some states.

Should you fall within the worker’s compensation laws, you are responsible without regard to fault for any employee injury. The worker’s compensation policy pays…

  • All reasonable medical expenses your employee incurs following an injury.
  • A percentage of the lost wages, after a brief waiting period, until the employee is able to return to work or is ruled permanently disabled.
  • A lump sum settlement for any disability resulting from the accident.

While these are benefits to the employee, worker’s compensation laws also protect the employer by preventing lawsuits against the employer for negligence. Premiums are usually determined by apply a rate determined by the type of work performed to the annual payroll of your employees and sometimes is adjusted according to your previous claim experience.