Parties who have injuries should visit professional healthcare immediately so a doctor can process medical reports to assist with any claims. Workers can then start the claim filing process, including any mandatory state forms or paperwork. As soon as the claims are approved, the injured party will have their compensation payments and can go back to work whenever they’re ready. Take note that the state law decides on the number of benefits to which a worker is entitled. If you need more information about filing an insurance claim, Contact Us, and our agents will help right away.
Workers’ Compensation Insurance protects both the employer and the employee. For instance, let’s say your employee gets into an accident while driving to deliver a product to your client. In this case, you don’t have to use your business assets for your employee’s medical bills and lost wages because your Workers Comp Insurance will pay it for you. Below are the following coverages that Workers Comp offers for employees:
A company that does not comply with Workers Compensation Insurance will need to pay at least $10,000 or face a state penalty of up to $100,000. Thus, if you need Workers Compensation coverage, you can buy it from private insurance companies. You can contact us, and we’ll help you choose the right Workers Comp coverages for your business.
While there isn’t a common rate, it’s important to know the factors that affect your insurance policies’ premium rate. Here is a list of factors that influences your insurance premium: