Workers Compensation is Assurance for Employer & Employee Alike
If you’re a business owner, it’s important to have the appropriate insurance protections in place if an employee is injured on the job.
Trying to obtain workers compensation coverage after the fact is doing a disservice to your employees and your business. That’s exactly what a proper workers compensation policy does: it ensures that an injured worker's medical and financial needs are taken care of when accidents happen.
When Should I carry Workers Compensation Insurance?
In terms of required coverage, some state's workers compensation law provides business owners with greater flexibility compared to other states. However, even if you're not legally required to carry workers compensation, Global Insurance Agency recommends it. If an employee sustains an on-the-job injury, responsibility for related medical payments and lost wages will ultimately fall on you, the business owner. How would you be able to pay for this without the proper workers compensation policy?