SMA Services, Inc. Benefit

Workers’ Compensation Insurance

Workers’ compensation insurance covers employees injured on the job or in auto accidents while on business. It also covers work-related illnesses. We’ll work with you to find a solution that creates a safer and more productive workplace. Workers’ compensation insurance, or simply workers’ comp, is not just a legal requirement–it’s an investment in your staff’s security. The precise rules vary from state to state, but the general rule is that your business must take out workers’ comp coverage for employees that pays out if they are injured at work.

In principle, the workers’ comp payouts will cover medical bills, care costs and a portion of any lost wages. Plus, in the worst-case scenario, workers’ compensation insurance will cover funeral costs and death benefits. There are often harsh legal penalties for businesses that don’t carry workers’ comp. But, aside from that, workers’ comp insurance can also help your business, as it makes sure staff get adequate medical treatment that help them return to work fit and healthy.

Many workers’ compensation insurance policies go beyond the legal minimums and will also pay your legal costs if an employee sues over a workplace injury. While you can get standalone workers’ compensation policies, you can also often buy workers’ comp coverage as an add-on to other policies, such as a business owners policy (BOP), general liability insurance or professional liability insurance.

Features

  • Employee Injuries;
  • State Mandated;
  • Flexible Payment Options.

Benefits

  • Available in most states;
  • Available for multi-location operations;
  • Ease of an annual payment or the practicality of pay-as-go.

Workers Compensation Insurance Inquiry

  • Full-TimePart-Time
  • Date Format: MM slash DD slash YYYY
Posted in: Insurance30 Commercial Insurance11 Member Benefits39