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 in some states–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’ compensation insurance 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 various situations that might initiate a workers’ compensation insurance claim. Some of these include:
Yes, Arizona requires companies to provide workers’ compensation insurance. 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 helps 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.
The laws regarding workers’ compensation insurance vary in each state. However, in all states, the business pays the premium for worker’s compensation insurance. Employees won’t receive a payroll deduction for the company’s workers’ comp policy.
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), commercial general liability insurance or professional liability insurance.
Our insurance experts are ready to help you determine the best method for obtaining proper workers’ compensation insurance for your business.
The amount of workers’ compensation insurance needed will depend on the type of business securing the policy. In order to determine how much workers’ comp insurance a company needs, the following points must be assessed:
Evaluating these questions will help clarify how much workers’ compensation insurance a business should get to cover its employees. The experts at AZCAL Insurance Services can help with this process so you know exactly what you need.
As an independent agency, we offer multiple options at competitive prices. Contact AZCAL Insurance Services today for a no-obligation quote. Our experts will help you every step of the way.