Workers' Comp Insurance Overview
Workers' Compensation coverage protects you when one of your employees is hurt on the job, or becomes ill because of workplace conditions. Workers' Compensation is typically mandated by your state(s), based on the number of employees you have, which varies by state. If you're located in Texas, you may opt out of carrying Workers' Compensation however, you may still be sued if an employee is hurt.
Do you need a Workers' Compensation insurance policy
If you have employees, the answer is most likely yes. You will be protected from:
- Medical costs due to workplace injury or sickness
- Lost wages due to workplace injury or sickness
- Costs to retrain injured or sick employees returning to work
- Related legal fees
- Wages for a temporary worker
Benefits of Workers' Compensation Insurance
- Eliminate coverage gaps
- Protect your financial livelihood
- Peace of Mind
Workers' Comp market trends: what are our experts saying
Businesses with employees are legally required to have workers' compensation insurance. It is typically mandated by your state(s), based on the number of employees you have, which varies by state. You can find this information at www.dol.gov/agencies/owcp/wc. Our small business experts understand the market and can help you secure appropriate workers' compensation coverage.
Top 10 workers' compensation claims
- Overexertion
- Slips, trips and falls
- Electrocution
- Struck by, or against objects
- Transportation incidents
- Machinery accidents
- Unintentional overdoses
- Workplace violence
- Exposure to harmful substance and environments
Want to learn more? Contact our small business risk experts