Workers Compensation: Better Safe Than Sorry

With healthcare costs rising at the rate they are, several states will be looking to update their workers compensation laws this coming year.

You have just started a new business and you are thriving! However, a situation arises when an employee is injured on the job and your insurance does not cover the costs. A $1,000 claim requires $50,000 in new sales to generate the net profit to cover increased premium.

Your business needs the full coverage to allow for these types of injuries to be covered. Workers Compensation  insurance provides for the cost of medical care and rehabilitation for injured workers, lost wages and death benefits for the dependents.

Workers compensation insurance will continue to change in 2019, which can impact your workers compensation rates. With healthcare costs rising at the rate they are, several states will be looking to update their workers compensation laws this coming year. Branching off this, state-based system variations can be significant if you have two people doing the same job but in two different states. These states could have significantly different worker’s compensation benefits.

Let Two Rivers Insurance help keep your premiums low with:

  • Evaluating your Experience Mod
  • Job Site Surveys
  • Return-to-Work Evaluations and Programs
  • Safety Education & Training
  • Claim Advocacy
  • Zero Accident Safety Culture

For the best protection, turn to the experts at Two Rivers Insurance Services. Not only will our team of professionals create a customized policy to protect your business against costly and unexpected claims, you’ll be prepared for the future with a policy created just for you. Learn more about our workers’ compensation here or contact a Two Rivers Insurance Services consultant here.

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