It is important to take the right steps to protect yourself from incurring too much loss if you find yourself injured and unable to work. Workman’s comp insurance is one way you can avoid being left in the lurch if you cannot return to your job because of the injury.
This insurance is specially designed to protect you and provide remuneration in the circumstance that you are unable to earn money, as well as assist with any medical bills you might incur.
Many insurance companies in the United States offer Workman’s comp insurance policies, and it is important to find one that best suits your needs.
It is worth investing time into finding the right one; the price of insurance depends on a number of factors, such as the state, the size of the company, the industry, and past claims.
Complying with State Laws
There are 49 states in the U.S. where it is mandatory for employers to have workman’s comp insurance, and each state’s laws differ slightly. For example, some states require a company to take out workman’s comp insurance as soon as it hires its first employee, whereas others don’t require it until the company has a certain number of employees.
Whether or not a contractor or freelancer is required to take out their own insurance policy is also determined by individual state laws, so it is important to research for your own state. Some states also give exemptions to mandatory insurance, in cases such as employers having less than a certain payroll total, or employees working less than a certain amount per week.
With a comprehensive and user-friendly website, Insureon makes it easy for you to get understand and chose from their workman’s comp insurance policies.
They also have an extensive blog which covers a lot of topics surrounding workman’s comp insurance, so you can see if there are similar cases to your own, or get a better understanding of the companies policies and actions.
Business Insurance USA
Specializing in insurance for businesses, as the name suggests, Business Insurance USA has a great understanding of different industries such as manufacturers, healthcare and offices. They offer customized insurance to suit the company or contractor and take pride in knowing their customers’ industries, which allows them to tailor their insurance policies accordingly.
Known and trusted around the world, AIG offer competitive workman’s comp insurance policies. They offer flexible and innovative insurance for companies and are committed to getting employees back on their feet, both literally and figuratively by making the whole process of dealing with claims easier. Combining, data, analytics and their decades of experience, they are a top competitor in the market.