Learn more about California's new minimum auto insurance requirements.
Protect Your Business and Care for Your Employees
Workers’ Compensation Insurance protects your company and cares for your employees when they are injured or become sick due to their work. This vital coverage provides necessary assistance for medical expenses and lost wages, ensuring your team gets the care they need while shielding your business from direct financial strain, such as the significant costs and legal fees associated with being sued for negligence. While specific requirements vary, most U.S. states legally mandate businesses to carry this insurance.
Who Needs Workers’ Comp Insurance?
Every business with at least one employee needs Workers' Compensation. This typically includes full-time, part-time, seasonal staff, and 1099 contractors, depending on state law. Non-compliance can lead to severe fines and legal action.
How Much Does Workers’ Comp Insurance Cost?
The cost is based on several key factors: your industry risk class (e.g., construction vs office work), your total employee payroll (calculated per $100), your company's e-mod and claims history (loss experience), and your business location.
What Does Workers’ Compensation Insurance Cover?
Worker's Compensation Insurance is designed to step in and cover these essential areas when an employee is injured or made sick because of their job. This protection ensures they receive necessary care and that your business avoids paying these substantial costs directly.
This is the most crucial part. It pays for all necessary care, including emergency room visits, doctor appointments, prescriptions, physical therapy, and ambulance transportation. Your employee gets the care they need without personal financial stress.
If the injury prevents your employee from working, the policy can replace a portion of their lost income. This financial support helps them cover bills while they focus on recovery.
If a serious injury results in a permanent physical limitation, this coverage provides permanent disability payments. This helps the affected employee manage the long-term impact on their earning ability.
If the injury means the employee cannot return to their previous role, Vocational Rehabilitation can pay for the costs associated with training them for a new job or career path.
In the unfortunate event of a work-related fatality, the policy provides a lump-sum payment to the worker's family or dependents to help cover final expenses.
This critical component helps protect your business directly if an employee files a lawsuit claiming your negligence caused their illness or injury.
Business Insurance Made Simple: Why Choose AIS
Your business is a major investment, and it deserves more than a standard, one-size-fits-all liability policy. At AIS Insurance, our experienced Business Insurance Specialists are driven by one goal: protecting your hard work and assets. We work quickly to understand the specific risks of your industry, allowing us to find and fix the dangerous gaps in coverage that leave businesses vulnerable, ensuring you get true financial peace of mind.
Stop settling for confusing policies. We make commercial insurance clear, fast, and highly effective. Call us today to speak with our experts who are ready to tailor a Workers' Compensation Insurance policy to your needs.
Additional Insurance Coverages to Bundle
It would be great if you could save money on insuring your business and all of its assets under one roof. AIS is the insurance house that finds affordable coverage for a wide variety of businesses. We compare the best rates from multiple trusted carriers partners, so you know you’re getting the best protection for the best price.
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