Workmans Comp
For many businesses, workers compensation is not a luxury, it is a necessity. Government regulations require you to have workers compensation coverage in order to operate. However, even if workers compensation coverage is not mandated, it still offers large benefits to business owners. Employers who provide workers compensation coverage to their employees can protect themselves from lawsuits in the event a worker gets injured or disabled on the job. Find an affordable plan today.
Basics of Workers Compensation Insurance
Workers compensation is a type of insurance coverage that compensates workers if they become injured or disabled while on the job. It is a government-mandated insurance coverage for most businesses, as long as you have employees who are also not owners. There are two primary purposes for workers compensation. The first purpose is to help injured workers get the medical care they need and to partially compensate them for time that they are not able to work. The second purpose is especially important for business owners, as it helps protect you from lawsuits from workers who are injured on the job.
Workers Compensation: Michigan and Minnesota
Injuries at the workplace can happen to anyone. In some industries, it can happen more often than others. That is especially true of any business that requires manufacturing or manual labor. However, injuries can happen to employees even at office jobs. All it takes is for someone to trip on the edge of the carpet and they could become injured or disabled. Having a thorough workers compensation insurance package protects your workers and contractors from extensive medical burdens. Healthcare is expensive. Providing your workers with coverage if they become injured or disabled on the job demonstrates that care about them beyond mere words. Talk is cheap, but quality workers compensation insurance coverage is real action.
Workers compensation insurance is sometimes talked about as a burden for business owners. However, having a workers compensation package that provides great coverage at a reasonable cost can also protect your business. It helps you meet government-mandated regulations and protects you from lawsuits.
Meet Government-Mandated Regulations
Federal laws have required certain businesses to have workers compensation going all the way back to 1911. However, every state has their own laws, so business owners should be aware of what applies to you in Michigan and Minnesota. Workers compensation requires having a knowledge insurance broker, like the professionals at Arcadia Insurance, who know what is required of you. Arcadia Insurance will work hard to help you stay in compliance with everything that is required of you by the state.
Protect Your Business from Lawsuits
Having a good workers compensation plan in place can protect your business from most injuries experienced by workers while on the job. We live in a litigious society and once an injury claim goes to the courts, all bets are off in terms of what it might cost you. That is in the hands of a judge or jury. Covering your workers through a workers compensation plan will protect you from the hassle of being dragged into the courtroom and the enormous costs of a court loss.
Arcadia Insurance Has the Workers Compensation Insurance Plans You Need
Arcadia Insurance has access to hundreds of different insurance providers, which gives you the flexibility to pick a plan that protects your interests and your bottom line. We take great pride in protecting the business owners of Michigan and Minnesota. Workers compensation plans can be complex, and yet they are only a part of the insurance policies that buisness owners need. The commercial insurance professionals at Arcadia Insurance work for you. Get the perfect balance of the coverage you need at a price that’s great for the bottom line. Contact us today and get yourself covered.
