Workers Compensation Information
At The Clements Agency, LLC, we understand that your business is your greatest investment and we are dedicated to help you make sure you and your teams are properly protected. Workers Compensation insurance helps get your injured employees back to the workforce as soon as possible. It gives your employees the comfort that they are protected in the event that they are involved in an on the job accident and they can receive the proper medical attention without additional cost to the employee. In addition to protecting the employee, we can help find solutions that create safer and more productive workplace. Is it adding non-slip shoes for employees or something more serious? Loss prevention can be a key tool to help decrease insurance cost and keep premiums down.
As a business owner, most employers are required to provide Workers Compensation coverage in order to comply with State and Federal regulations. The proper policy will help protect your employees in the event of an on the job injury or illness during the course of employment for medical expenses, lost income/wages, rehabilitation cost or death benefits. In addition it will protect the company from lawsuits which may be filed as a result of on the job injuries. The Clements Agency, LLC can help tailor a policy for you helping with the various class codes, multi-state policies and coverage limits.
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.
Workers compensation provides payments to injured workers, without regard to who was at fault in the accident, for time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents.
Each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services and how the system is administered. For example, in most states there are regulations that cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved.
Workers compensation insurance must be bought as a separate policy. Although in-home business and business owners policies (BOPs) are sold as package policies, they don't include coverage for workers' injuries.