(704) 847-7070

Workers Compensation Insurance

As soon as you have employees within your business, you want to make sure that both you and they are sufficiently protected. An accident can happen when you least expect it. No matter how safe your location may be and how well-trained your employees are, accidents are bound to happen. Worker’s compensation serves as insurance that can protect you.

Understanding what it is and why you need it will make it easier for you to protect your business.

The Need for Worker’s Compensation

If your employee injures themselves on the job, they’re going to turn to you because you are their employer. It is your responsibility to provide a safe working environment. You would be responsible for their lost wages, their medical expenses, as well as their rehabilitation. Depending on the extent of the injury, this can add up to a significant amount of money.

You don’t want to risk bankrupting your business all because of one accident. With the right insurance coverage, you would file a claim. It would be the insurance company that provides all of the benefits to your employee. You would only pay a deductible. Then, as you have more accidents, it could affect the premiums that you pay for this insurance coverage.

See all policies





The Benefits of Coverage

As a business, you may be required to have this type of insurance based on the number of employees that you have. If you are a high-risk business, meaning that your employees are more likely to get injured due to the nature of the job, it’s a good idea to have the coverage, too.

You don’t want to deal with the costs involved of an employee getting injured (or potentially dying) as a result of your work environment. As a way to ensure they get the help and support they need while also protecting your finances, you need to explore a policy that is right for your business.

Get a free estimate on this policy