Why Your Business Needs a Workers’ Comp Insurance Policy
Companies of all sizes and industries should be ready to protect their employees in case they become injured or ill on the job. In fact, in states such as Maryland and Delaware, businesses are required to have workers’ compensation insurance if they have one or more employees. The team at Staples & Associates is just a phone call away and can help you understand why your business needs a workers’ compensation insurance policy.
Workman’s Compensation Insurance for Companies at Staples & Associates
Workers’ Comp covers instances when an employee suffers a work-related injury or illness. This policy can help provide for the worker’s medical expenses, lost wages, ongoing care costs such as physical therapy, and medical expenses such as emergency room visits, necessary surgeries, and prescriptions. It can also provide a funeral or death benefit to employees or families in the extremely unfortunate event that a worker dies on the job.
In most cases, having a workers’ compensation insurance policy at the ready also helps prevent the possibility of employees suing the company for negligence. Learn more about workers’ compensation insurance.
Let the team at Staples & Associates assist you with navigating your state’s legal requirements so that you can protect your company and assets. Contact us today!
How to Get a Lower Workers’ Comp Policy Premium
Our team can also guide your business on how to lower your workers’ compensation premium by reviewing your Experience Modification Factor. The E-Mod or EMR is a calculation of your claims history compared to other companies of a similar size and industry.
The experts at Staples & Associates can review your current operating procedures for workers’ compensation situations, and make recommendations to improve your E-Mod score. Most often, this includes establishing programs or policies for claims management, return-to-work, safety, accident investigations, training, and employment screenings.
Let’s discuss your company’s unique needs. Schedule an appointment with a Staples & Associates agent to get started!