Worker’s Compensation insurance is a legal requirement in most states, if you have a certain number of employees. This coverage pays for the medical, pharmaceutical and other healthcare costs of employees’ work-related injuries, as well as a portion of the worker’s salary while out of work. Worker’s compensation coverage is not a substitute for health insurance, as employees are only covered for work-related injuries or illnesses. Failure to purchase coverage when it is required can result in severe penalties; these punishments can range from significant fines to possible prison terms to STOP WORK orders.
We welcome you to contact our agency for a full no-obligation review of your business insurance needs.