Workers compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.
Workers Compensation Insurance is designed to help companies pay these benefits. As a protection for employees, most states require that employers carry some form of Workers Compensation Insurance. Workers Compensation Insurance is not health insurance. Workers Compensation is designed specifically for injuries sustained on the job.
Do I need workers compensation insurance?
Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken.
To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents, in almost every state, businesses are required to buy workers compensation insurance. Workers compensation insurance covers workers injured on the job, whether they’re hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses.
Let us help lower your Worker’s Compensation Costs
- Implementing a Safety Culture in the Workplace by utilizing a written Safety Manual
- Regular MOD Analysis provided via our MOD Master Program
- Safety Education Materials
- Return To Work Program
Employers with established “Return to Work” programs see a reduction in paid time off by 3 to 4 weeks.
Our decision support tools identify cost-drivers and help us create cost reduction strategies for you. We’ll create Safety Manuals, Business Continuity plans and Return to Work programs specified to your business needs and goals.
An inactive employee can cost you up to $1,500 extra in health costs per year; only 34% of employees were aware of any wellness plan offered by employers.
Communication is the most important part of any relationship. Let us help you engage and educate your employees by providing Health & Wellness programs, Benefits Guides and numerous safety and awareness materials.
Expect a Full Spectrum of P&C Solutions