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For contractors running their own businesses, Workers Compensation for workplace injury should be a top priority if they are to minimize risk and avoid incurring costly unexpected expenses.

 

If you don’t know much about how Workers Compensation insurance coverage works, we will break down everything for you and answer a few questions to help you prevent excessive financial risks on your business.

So, what is Workers Compensation Insurance?

Often shortened to “workers comp”, Workers Compensation is a work-related injury insurance coverage provided by you to your employees. It covers lost wages and any medical expenses associated with injuries sustained at the workplace. It is a law requirement in almost every state for businesses with hired employees.

Do contractors need Workers Compensation for workplace injury?

In the contracting industry, where work-related injuries occur frequently, Workers Compensation insurance coverage is essential to help ease the financial burdens on your business.

 

For instance, let’s say an employee is lifting bricks at a construction site and accidentally ends up hurting himself leaving him unable to continue working. 

 

In this case, the injured employee could agree not to sue your company for the injury, in exchange for accepting worker’s compensation benefits. If he disagrees with the assessment benefits recommended by your insurance provider, then he can report your business to the workers’ comp court. However, it would be very unlikely for your business to be penalized, unless the cause of the injury was an intentional act from you.

What does Workers Compensation Insurance cover?

Work-related injury insurance coverage considers a work-related injury as an event in the working environment causing an employee to discontinue working.

 

Typically, Workers Compensation for workplace injury caters for:

 

  1. Medical-related expenses, including diagnosis and treatment of injuries or illness at the workplace
  2. Disability payments to your employee until they recover
  3. Funeral expenses and support to the employee’s family, in the event of the death of an individual
  4. Lawsuits related to work injuries

 

That being said, injuries suffered in the following situations are NOT covered by Workers Compensation insurance coverage:

 

  1. Injuries suffered while commuting to and from work
  2. Injuries due to alcohol or drugs
  3. Any injuries suffered as a result of violating the company’s policy
  4. Violence or fights initiated by the employee
  5. Self-inflicted injuries by the employee

Get Workers Compensation Insurance in 3 steps

Exploring the best Workers Compensation insurance coverage for your business can be complicated, since different states have set their own unique regulations. And this is even more complex for businesses that cross state lines. 

 

Before you select an insurance company for your contracting business, get the answers to these 3 important questions:

 

  1. Is the insurer financially strong? 
  2. Does the insurance company offer the best pricing?
  3. Does the insurance agent have a reputation for excellent customer service?

 

At Contractors Liability we can confidently say YES to all 3 questions. Our experienced insurance agents will guide and advise you. Call us at (866) 225-1950 for a 5-minute insurance quote for Workers Comp.

Why All Contractors Need Workers Compensation for Workplace Injury

For contractors running their own businesses, Workers Compensation for workplace injury should be a top priority if they are to minimize risk and avoid incurring costly unexpected expenses.

 

If you don’t know much about how Workers Compensation insurance coverage works, we will break down everything for you and answer a few questions to help you prevent excessive financial risks on your business.

So, what is Workers Compensation Insurance?

Often shortened to “workers comp”, Workers Compensation is a work-related injury insurance coverage provided by you to your employees. It covers lost wages and any medical expenses associated with injuries sustained at the workplace. It is a law requirement in almost every state for businesses with hired employees.

Do contractors need Workers Compensation for workplace injury?

In the contracting industry, where work-related injuries occur frequently, Workers Compensation insurance coverage is essential to help ease the financial burdens on your business.

 

For instance, let’s say an employee is lifting bricks at a construction site and accidentally ends up hurting himself leaving him unable to continue working. 

 

In this case, the injured employee could agree not to sue your company for the injury, in exchange for accepting worker’s compensation benefits. If he disagrees with the assessment benefits recommended by your insurance provider, then he can report your business to the workers’ comp court. However, it would be very unlikely for your business to be penalized, unless the cause of the injury was an intentional act from you.

What does Workers Compensation Insurance cover?

Work-related injury insurance coverage considers a work-related injury as an event in the working environment causing an employee to discontinue working.

 

Typically, Workers Compensation for workplace injury caters for:

 

  1. Medical-related expenses, including diagnosis and treatment of injuries or illness at the workplace
  2. Disability payments to your employee until they recover
  3. Funeral expenses and support to the employee’s family, in the event of the death of an individual
  4. Lawsuits related to work injuries

 

That being said, injuries suffered in the following situations are NOT covered by Workers Compensation insurance coverage:

 

  1. Injuries suffered while commuting to and from work
  2. Injuries due to alcohol or drugs
  3. Any injuries suffered as a result of violating the company’s policy
  4. Violence or fights initiated by the employee
  5. Self-inflicted injuries by the employee

Get Workers Compensation Insurance in 3 steps

Exploring the best Workers Compensation insurance coverage for your business can be complicated, since different states have set their own unique regulations. And this is even more complex for businesses that cross state lines. 

 

Before you select an insurance company for your contracting business, get the answers to these 3 important questions:

 

  1. Is the insurer financially strong? 
  2. Does the insurance company offer the best pricing?
  3. Does the insurance agent have a reputation for excellent customer service?

 

At Contractors Liability we can confidently say YES to all 3 questions. Our experienced insurance agents will guide and advise you. Call us at (866) 225-1950 for a 5-minute insurance quote for Workers Comp.

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