We all know that employees are the backbone of any business, but what happens when they get hurt on your watch?
Legal fees, lawsuits, and court decisions can put small-business owners out of commission for months, if not years.
However, a quick search on the internet will show you that there are many workers’ comp insurance options to protect your business against lawsuits and claims. But how do you know which is right for you?
In this post, we will discuss reputable small business workers' compensation insurance companies, the benefits of workers’ comp, and how to find the best rates for your company.
Yes, small business owners need workers' compensation insurance. Small business workers' comp insurance is required in most states, but even if it's not required in your state, you should still have it.
Well, small business workers' compensation insurance provides benefits and coverage to employees who are injured while on the job. It's important to have this coverage because it protects both the employer and employee from financial loss in case of an accident or illness at work.
As well, some states have laws that require business owners to cover employees under workers’ compensation insurance. If you don’t carry workers’ comp coverage, your business could be fined or shut down.
If you're running a small business, then you need to make sure that your employees are covered by workers' comp insurance. You don't want them getting hurt while they're working for you! You also don't want to be sued or end up paying pricy legal fees if an accident does occur.
Workers' compensation is a no-fault system that allows employees to receive benefits regardless of fault or negligence on anyone's part—including their own.
This means that if an employee is injured while working (even if it was because they were negligent), they will still be covered by the workers' comp insurance plan. Workers' compensation will help cover their medical expenses, lost wages, and rehabilitation costs.
Small business workers' comp also protects the business from being sued by the employee. If an employee is injured and decides to sue, small business workers' comp insurance will help cover any legal costs associated with the case.
Small business workers' comp insurance can be easily bought online through Kickstand Insurance. Simply fill out our Instant Quote form and enter your business information to get a quote.
Once you've received your quote, choose to accept and we'll send you your certificate of insurance within 24 hours.
The cost of small business workers' comp insurance will vary depending on several factors, including:
The nature of your business: What does it do? Is it seasonal or year-round? This will change your coverage options.
The number of employees that work for you, and their salaries: The higher the salary, the more expensive workers' compensation insurance is going to be. For example, if your small business only has part-time employees with low salaries, then they will not contribute much towards premiums.
The risk involved in the job: Is it dangerous, like construction work or mining? If your small business only has office workers who don't engage in risky activities while working, then they are less likely to get hurt and require medical attention, which would make workers' compensation insurance cheaper.
The state you are located in: Workers' compensation laws vary from state to state.
Workers' compensation insurance is a vital part of owning a small business. Make sure your business is protected by purchasing workers' comp insurance today. You can get an instant quote by filling out our form to see how much it will cost you.