Workers Compensation
Injuries in the workplace happen a lot more frequently than you would think. With Insure Artisans, you won’t have to worry about high prices with our great rates!
Workers’ Compensation Insurance
Workers’ Compensation insurance protects your employees and your company from work-related accidents, illnesses, and even death. In the event of an accident, workers’ compensation will protect your employees while shielding your construction business from the possibility of liability for employee injuries.
Almost every state requires employers to have insurance covering medical costs and lost wages for workers who become ill or injured on the job. If you don’t possess workers’ compensation insurance, you could be held liable for these costs, fines, or penalties by the state.
Even in the safest workspaces, injuries can happen. As an employer, you are responsible for your employee’s medical costs if they suffer a job-related injury, regardless if your employee has health insurance. Your employee is also entitled to a chunk of their regular wages while they cannot work due to their illness or injury. If you have workers’ compensation insurance, you can easily cover these costs, if you don’t, you will pay these costs and fees out of pocket.
When Do Businesses Need Workers’ Compensation Insurance?
Your company will need Workers’ Compensation insurance when you are ready to hire your first employee.
No employees, no problem, Insure Artisans offers an affordable “Ghost Policy” that you can purchase before hiring an employee. This comes in handy when you’ve been asked by a potential client to provide proof of workers’ compensation insurance without having an employee. This helps you secure bigger contracts with clients and sets up the future of your company’s growth in hiring employees.
What Does Worker’s Compensation Cover?
Medical expenses
Lost wages
Legal fees, in the event of a lawsuit
Disability benefits
Death benefits
Workers’ compensation doesn’t just benefit your employee, it also protects you from financial losses if an employee injury becomes a lawsuit. You can get your employees the care they need to get back to work while protecting your business from headaches and costly lawsuits.