Workers Compensation Insurance For Businesses

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Workers Compensation Insurance For Businesses Quote Form

Workplace injuries and illnesses are an unfortunate inevitability. Regardless of how diligent and responsible your business may be in assessing and addressing risks and hazards, not all incidents can be prevented. In the wake of a work-related illness or injury, workers’ compensation insurance is essential.

What Is Workers’ Compensation Insurance?

Unlike most other states, Texas does not require most employers to carry workers’ compensation coverage by law. However, this type of insurance is still generally advisable for all employers regardless of size or sector. An adequate workers’ compensation policy can be integral in helping your employees recover from workplace illnesses and injuries by enabling access to various financial resources. Furthermore, this coverage can also insulate employers from paying for significant losses and damages out of pocket.

How Does Workers’ Compensation Insurance Work?

In the aftermath of an incident that leaves an employee injured or ill, workers’ compensation insurance can provide financial assistance for many critical expenses or losses, such as the following:

·        Medical costs—If an employee is injured on the job or develops a work-related illness, workers’ compensation can help pay for treatment.

·        Lost income—If an employee suffers a work-related illness or injury that affects their ability to perform their regular duties, your coverage may help them recoup any lost or reduced wages.

·        Disability benefits—If a workplace incident results in an employee developing a disability, your insurance may cover their disability benefits.

·        Death benefits—If a workplace illness or injury results in an employee’s death, this coverage can help pay for funeral expenses and provide compensation to their family.

·        Legal expenses—If your business is sued following a work-related illness or injury, workers’ compensation may provide financial aid for your legal defense, court fees, settlements and judgments.

How Much Does Workers’ Compensation Cost

Like many types of insurance, the cost of sufficient workers’ compensation insurance can vary significantly. Before putting together an accurate quote, providers will generally weigh the following factors:

·        Location

·        Industry

·        Employees’ tasks

·        Payroll

·        Claims history

Get the Right Coverage

Workplace illnesses and injuries can be devastating. Affected employees may face long roads to recovery or permanent health issues. Furthermore, incidents may impact workplace morale and productivity. Finally, your business may also face significant financial consequences. An optimal workers’ compensation insurance policy can go a long way in alleviating all of these issues by providing affected workers with the care they need, other employees with peace of mind and your business with critical funds.

With over 30 years of experience serving the Dallas area, Texas Insurance Options is well-equipped to help your business understand its workers’ compensation insurance needs and acquire suitable coverage. Contact us today to get started.

We Provide Coverage For:

• Plumbing Contractors

• HVAC Contractors

• Remodeling Contractors

• Carpet Contractors

• Drywall Contractors

• Janitorial (Cleaning)

• Painting Contractors

• Carpentry Contractors

• Electrical Contractors

• Tile Contractors