Workers Comp Basics for Small Businesses

As a small business owner you are a vital part of the economy. By providing jobs you give people access to opportunities. Unfortunately, employee-related injuries are an aspect of running a company. Unforeseen mishaps can have a negative impact on productivity and profits. Workers comp insurance helps reduce risk exposure.

What is Workers Comp?

Workers compensation insurance is required in most states. The policy protects employees who suffer work-related injuries. It also safeguards employers against various liabilities, such as lawsuits. When it comes to workers claims management, the coverage benefits may include:

  • Medical expenses
  • Rehabilitation services
  • Lost wages
  • Death benefits

Why You Need Workers Comp

Although companies of all sizes invest heavily in workplace safety training, it’s not enough to protect employees. Studies show that workers compensation claims have skyrocketed. Additionally, the severity of injuries has increased as well as the related healthcare costs.

The Right Insurance Provider

An insurer with expertise in workers claims management can provide you with customized insurance solutions. In many cases, a reputable agency has a track record for working with small to midsize business across various classes and industries. Services may also include handling loss control, workplace safety and settlements.

A workers comp policy is a practical solution that safeguards your employees and your bottom line. A qualified carrier can ensure you receive an affordable, customized coverage solution.




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