Worker's Compensation insurance
WHAT IS WORKERS COMPENSATION AND WHY DOES YOUR BUSINESS NEED IT?
Your employees are one of your greatest assets. Workers’ Compensation insurance helps protect both your team and your business when a work-related injury or illness occurs.
If an employee is injured on the job, Workers’ Compensation can help cover medical expenses, lost wages, rehabilitation costs, and other benefits required by state law. Have the right coverage also helps protect your business from potentially costly claims and keeps you compliant with state requirements.
At Get Help With Insurance, Inc., we work with multiple insurance companies to find Workers’ Compensation solutions that fit your industry, payroll, and budget. Whether you’re hiring your first employee or managing a growing workforce, we’ll help you understand your options and make sure your business has the protection it needs.
Protect your employees. Protect your business. Request a free Workers’ Compensation quote today.
EACH POLICY IS AUDITED EVERY YEAR
Your workers compensation Insurance policy is audited each and every year by the majority of insurance companies. A workers comp audit is an annual review of records at the request of an insurance company. It may be done by phone, mail, or in person depending on the assigned Auditor. Work comp audits determine if the payroll and class codes quoted at inception accurately reflect the actual payroll and scope of work performed during the policy period.
Audits also ensure that sub-contractors had their own coverage in place. If not, you may be charged for payments to uninsured sub-contractors on your policy on your audit. When you use subcontractors, make sure you have proof of coverage from each subcontractor so you do not have to provide the coverage for those subcontractors. The auditor will request the certificate of insurance document to verify.
Employer Protections
Statutory No-Fault Compensation
Workers’ compensation statutes are intended to eliminate the need for litigation and the limitations of common law remedies by having employees give up the potential for pain-and-suffering-related awards, in exchange for not being required to prove tort (legal fault) on the part of their employer. The laws provide employees with monetary awards to cover loss of wages directly related to the accident as well as to compensate for permanent physical impairments and medical expenses.
Some laws also protect employers and fellow workers by limiting the amount an injured employee can recover from an employer and by eliminating the liability of co-workers in most accidents. US state statutes establish this framework for most employment. US federal statutes are limited to federal employees or to workers employed in some significant aspect of interstate commerce.
This is intended as a general description of certain types of insurance and services available to qualified customers. Any description of policy provisions is meant to give a broad overview of coverages and does not revise or amend a policy. Refer to the policy coverage form for a complete representation of the scope of coverage, terms, conditions, exclusions and more. The policy is the contract that specifically and fully describes your coverage. Some products may not be available in all states and may only be offered on a non admitted basis. Product availability is subject to change.
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