Workers' Comp Insurance 101

​The workers' compensation insurance pays for medical bills and other losses such as wages in case of on-site injuries. Private insurance companies have this type of insurance; however, your employer can also receive insurance as long as they meet the criteria. 

Although the state mandates it, requirements vary from one state to the next. Some states require it, while other states will only need it depending on the number of employees. 

Basically, "sole proprietors and partnerships aren't required to purchase workers' compensation insurance unless and until they have employees who aren't owners."

Costs Workers' Compensation Cover Illness

1. For example, suppose you are a professional with a large team, and a member becomes ill due to exposure to waste and toxic chemicals. In that case, workers' compensation will help you cover your employee's medical treatments and other expenses. 
   
   
2. Injuries and Accidents 
   The workers' compensation will shoulder the medical bills and other costs in case of any work injury while on the job.
   
   
3. Disability
   A chronic illness or injury could hinder an employee from working, leading to lost wages. Workers' comp will aid cover these losses. 
   
   
4. Repetitive Stress Injury
   For example, you have a typing interpreter working alongside you, and they suddenly develop carpal tunnel syndrome because of their job. Your workers' compensation insurance will help shoulder their medical expenses. 

Protect Your Employees and Yourself
As a business owner, it is always a good idea to protect yourself and your business against expensive medical claims and pricey lawsuits that could jeopardize your company. 

Workers' compensation insurance can give insurance coverage to your employees and independent contractors. General Liability Insurance and Professional Liability Insurance can help protect you against third-party claims. 

Conclusion
One way of growing your business is to make sure that you know the different kinds of insurance you use to protect yourself and your business from said risks. By getting workers' compensation insurance, you can take one thing to worry about off your plate so you can focus on growing your business. 

At CSIS Insurance Services, Inc., we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (888) 501-2747. Get your free quote today by CLICKING HERE.