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Fairfax, VA 22030
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SMALL BUSINESS WORKERS’ COMPENSATION?

- Monday, April 24, 2017

WORKER’S COMPENSATION DEFINED

Workers Compensation business insurance (here in VA MD and DC) is insurance that covers the medical and rehabilitation costs of your employees if they’re injured on the job. Typically, having insurance that covers these costs means employees give up their right to sue your business for negligence—and in turn, they get peace of mind knowing they can recover for work-related injuries without the complexity of a lawsuit.

WHY DOES MY SMALL BUSINESS NEED IT?

Most likely because your state requires it. Regardless, employees today more often than not require it as a benefit.

WHEN SHOULD I PURCHASE WORKERS’ COMPENSATION?

In most states, workers’ compensation insurance is required as soon as you have one or more employees who aren’t the business owner or partner. As your independent insurance consultants for business owners in VA, MD, and DC, we can guide you through the subject and answer most all of your workers compensation insurance questions in a quick 15-minute phone call.

IS IT EXPENSIVE?

It depends on your industry’s “risk classification”, your business’ safety record, and other factors. Regardless, worker’s compensation insurance is not a “break the bank” business investment. It is however, protection against potential law suit that could break your business’ back.

WHAT OTHER BUSINESS INSURANCE CONSIDERATIONS DO I HAVE?

Again it depends on your industry and the state that you operate within. Most often you can get your entire small business insurance needs covered under a single business insurance policy. Once again, your free small business insurance consult is just a phone call away.