Workers’ compensation insurance helps protect businesses and their employees from financial loss when an employee is hurt on the job or gets sick from a work-related cause. Also known as workers’ comp, it helps protect workers from potentially devastating costs of work-related injuries. It also helps protect employers from potential damages that could cripple a business based on workers’ comp claims.
What Does Workers’ Compensation Cover?
Our workers’ compensation insurance helps cover medical expenses, lost wages, ongoing care costs, as well as funeral expenses if an employee is hurt, becomes sick, or dies as a result of a work-related accident or illness.
Who Pays for Workers’ Compensation Benefits?
Employers who do not pay for benefits typically purchase workers’ compensation insurance to cover the benefits for employees. Most states require businesses to carry workers’ compensation insurance except for Texas and New Jersey. In those states, coverage is elective.
Employees are not responsible for paying for workers’ compensation benefits. The cost of this coverage varies greatly depending on many factors, including: State laws, Business size, Type of work employees do and On-the-job risks..
How Does Workers’ Compensation Insurance Work?
Our workers’ compensation insurance helps cover wages and medical benefits if an employee suffers a work-related injury or illness. Our goal is to get your employees healthy and back to work as soon as possible.
Our coverage gives employees access to caring, experienced professionals at every step of their recovery..