Making your workplace safe is certainly one of your top priorities. Even so, accidents happen. Having Workers Compensation insurance protects your company from litigation and covers injured employees’ expenses. Here at the Bethesda General Insurance Agency in Silver Spring, Maryland, whether your business is located in Maryland, Virginia or Washington DC, we know the state guidelines and will help you comply with your state’s requirements.
In almost all states, employers are required to carry Workers Compensation insurance – or “workers comp” as it is commonly called. This insurance protects you as an employer against lawsuits arising from workers injured on the job or developing work-related illness – whether it occurs on your workplace premises or elsewhere, including cases of business-related auto accidents. Workers comp coverage applies regardless of who was at fault.
Typically, Workers Compensation will pay for the following:
- Time lost from work
- Rehabilitation services
- Medical/surgical services
Your state dictates the duration and amount of lost wage benefits as well as guidelines for coverage of medical and rehab services, benefit disputes, etc.
Because of the nature of this type of insurance, your business insurance package will not include it. It is necessary to carry a separate policy for Workers compensation.
If you’ve just hired your first employee, you might be wondering what you are required to do and what your options might be. Our representatives can bring you up to speed on this critical coverage. So give us a call or request a quote today.