Workers’ Compensation Insurance

A small business owner’s guide to workers’ comp insurance

Workers ’ compensation indemnity, normally known as workers ’ comprehensive examination, is policy that covers checkup expenses and a fortune of lost wages for employees who become injure or ill on the problem. Coverage besides includes employee rehabilitation and death benefits .

How does workers’ compensation insurance work?

Each state has its own unique set of workers ’ compensation laws that employers must follow. These regulations help ensure that employers provide coverage for the cost of work-related injuries or occupational diseases, careless of employee negligence .
An employee can only receive benefits if their injury or illness relates to their speculate duties or employment. Workers ’ comprehensive examination policy could cover injuries caused by lifting dense equipment, slipping on a wet or greasy open, or sustaining injury due to fires or explosions.

If an employee international relations and security network ’ deoxythymidine monophosphate acting within the telescope of their use and becomes injured, such as playing football with friends on a day off, workers ’ recompense indemnity won ’ thyroxine cover them .

Who needs workers’ compensation insurance?

Workers ’ compensation insurance is required by law in about every state. Some worker exemptions exist, so you ’ ll want to check with your country to find out if coverage is compulsory for your business .
Choosing to forgo workers ’ comprehensive examination coverage puts your occupation at high fiscal risk. not lone can you face a lawsuit for workplace injuries, but you ’ ll likely be fined for breaking the law .
Keep in mind, workers ’ comprehensive examination insurance protects not merely your employees, but your small business besides. For example, if your indemnity is compliant with country law, an employee who receives benefits can ’ triiodothyronine action you for their injuries or lost wages .
They can, however, sue you for things that aren ’ thymine covered under the workers ’ comprehensive examination part of your policy. Employer ’ south indebtedness policy is besides included in your policy to pay for court costs and legal fees if you ’ re involved in such a lawsuit .

How much does workers’ compensation insurance cost?

In 2020, the national average monthly monetary value for workers ’ compensation indemnity through the Progressive Advantage® Business Program was $ 86. Remember, this is alone an average. Your pace will depend on specific qualities of your occupation including your express, payroll and claims history .
Discover how these and other factors influence your workers ’ recompense cost. You may besides start a quote on-line, or contact us directly to speak with an in-house agent who can help you find coverage.

How to get workers’ comp insurance through Progressive

Most states allow you to purchase workers ‘ comprehensive examination policy through secret insurers like us. We help a wide-eyed range of businesses get the coverage they need under their country ‘s workers ‘ recompense laws. You may start a quote on-line or call us to speak with a license agent about your options .
If you need coverage in Ohio, North Dakota, Washington or Wyoming, you ‘ll need to contact your submit for insurance. These states only allow businesses to get workers ‘ recompense policy through them .
Visit our submit directory for more information about workers ‘ recompense and other types of business policy in your state of matter .

Show video transcript
Workers ’ Compensation from Progressive Commercial, besides known as workers ’ comprehensive examination, protects your employees if they get ill or hurt while on the job .
It helps pay for your employees ’ aesculapian expenses, lost wages, and rehabilitation for their work-related injuries. For example, slipping on a wet floor, lifting heavy boxes or a assortment of other incidents .
Employees who accept workers ’ comprehensive examination benefits typically can ’ metric ton sue you for their injuries. however, workers ’ comprehensive examination can help cover court costs and legal fees if you do get involved in a lawsuit.

Workers ’ comprehensive examination is required by law for employers in about every express, and not having it puts your business at a high gear fiscal risk. The total of protective covering your business needs is based on a variety of factors like placement, employee risk, payroll and more .
Protect your little clientele with Workers ’ Compensation from Progressive Commercial. Call us or start a quotation on-line today .
disavowal : Progressive Casualty Ins. Co. & affiliates

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