Who Needs Workers Comp Insurance?

If you employ four or more people, you almost certainly will be legally required to get coverage to pay for medical bills, wages lost, and other expenses if one of your employees gets hurt on the job. Regulations concerning workmans comp differ from state to state but most businesses – even minor ones – should get coverage.

What Does Workers Comp Cover?

Workers comp covers both acute and chronic occupational injuries and diseases.

An example of an acute injury: A construction worker falls through a metal grate and wrenches his knee, necessitating emergency surgery and long-term orthopedics.

An example of occupational injury: A secretary suffers repetitive stress injury to his thumbs after typing eight hours a day for 12 years; he has to undergo surgery, therapy, and rehabilitation.

Workers comp insurance protects not only your employees, but your business as well. Failing to comply with your states workers comp laws could result in fines or lawsuits against your business.

Other Coverage To Consider

Workers compensation won't protect non-employees. And your workers can still sue you in certain instances – for instance, if your gross negligence leads to an injury. Other coverages to consider include: general liability, business interruption insurance to protect your income stream if your business shuts down because of a calamity), disability coverage, and business auto coverage. To simplify your shopping, consider getting a business owners policy BOP) – a package of coverages wrapped into a single policy.

See how much you could save today on your insurance. Get your free business insurance quotes today!