Have you ever worried about the aftermath of an injury sustained by an employee, and not just his well-being but your company’s, too? There’s likely to be an avalanche of expenses. Medical bills, lost wages, vocational rehabilitation, and perhaps even a lawsuit.  Workers’ Compensation Insurance ensures that your employees will receive the care and compensation they’re legally due. Your workers compensation policy and the limits provided will help with the financial loss that may ravage you as result medical expenses and litigation.


What is Workers’ Compensation Insurance ?

When an employee is injured on the job, the Workers’ Comp policy pays benefits to injured worker. Generally, the unlimited reimbursement of medical expenses. Additionally, a portion of lost wages, some vocational rehabilitation when required. In extremely rare instances, What Exactly is Workers Compensation Insurance - California workers compdeath benefits for the survivors will be paid.

It also protects you, the employer, in the form of responses to lawsuits brought by injured employees or their dependents. Alleged gross negligent acts by you and claims for pain and suffering are covered. Even the loss of relationship status in most states can be a claim.

Who’s covered?

All employees of a company are covered whether they are full- or part-time. The business owner, if the business is a corporation and is actively involved, may choose to be covered or excluded. Independent contractors or sole proprietors are not covered.

What affects the rates?

The total cost of  your Workers’ Compensation premiums will be based on the amount of your payroll. The higher your payroll, the higher your premium.

The cost of workers’ compensation also varies widely as the result of employee work function and job description. The premium for a roofer will be higher than an administrative assistant. An accountant who sits at their desk pushing a pencil will be less costly than a route salesperson pushing packages. There are 100’s of different rate factors specific to job descriptions.

To obtain a quote, get in touch with Peter Green Insurance today. You need to protect your employees, your company and yourself. We have multiple carriers that will compete for  your business. Our experienced team will solicit carriers to find the cost for you. 

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