Are you thinking about investing in workers’ compensation insurance, but you’re not sure if it’s worth it?
Prioritizing the health and safety of your employees - and your business in general - is always important, so getting behind an insurance policy that backs this up means your business intentions are in the right place.
If your employee gets injured on the job, workers’ comp will help defray medical costs, as well as cover a large portion of lost wages while your employee is out recovering.
Employers benefit in multiple ways from having workers’ comp.
But what exactly does workers’ comp insurance cover? Does workers’ comp cover all medical bills, and nothing more?
Let’s take a closer look at what workers’ comp coverage can do for you if an employee gets injured on the job.
Workers’ compensation coverage allows you to cover costs associated with an accident that occurred in the workplace so you don’t have to pay anything out of pocket.
If employee injuries amount to needing medical treatment, a workers’ compensation policy will cover the cost of medical care. This also includes therapy expenses needed during the recovery process.
The insurance company will take care of the wages lost by your employee when they’re out of work because of an illness or injury that occurred while on the job.
In the event of a fatal workplace injury, workers’ comp will help with the funeral and burial costs. In some cases, it can also provide financial assistance to the family and loved ones of the deceased employee.
Large and small businesses alike can benefit from a workers’ compensation policy, as it can help cover any of the legal costs that may fall in your lap if an employee brings legal action against your business.
Want to make the most of your workers’ compensation policy? Consider these tips:
Finding a workers’ compensation insurance policy that fits your business wants and needs doesn’t have to be complicated.
Use Kickstand Insurance’s instant quote software so you can start protecting your employees in no time.
We’ll give you your estimated premium, then an insurance expert will contact you for clarity and adjustment, if necessary. Once underwriting approves your policy, you can immediately move forward with your new policy and reap the benefits instantly.
What are you waiting for? Get your Kickstand quote today.