Worker’s Compensation
We Can Help Protect You and Your Employees
Business owners rely on worker’s compensation insurance to cover expenses when employees suffer an injury or become ill at the workplace. It is mandatory in most states for many types of businesses, so rely on Anchor Insurance to help you establish a policy. We have extensive experience and can find policy terms that fit your budget while also protecting your staff. Our team understands the laws and regulations in each of the states where we practice, so you can depend on us to customize a plan that fits your business size and industry. Call us today to learn more about the scope of workers’ compensation insurance.
Understanding Workers’ Compensation Insurance
Workers’ compensation is a form of commercial insurance that provides benefits for employees who suffer injuries during their course of work. Benefits associated with workers’ compensation include medical treatment, lost income, retraining, and even compensation for permanent disabilities. Additionally, if a worker dies on the job, this type of insurance will pay for funeral and burial expenses and potentially lost wages. It is a no-fault form of insurance, meaning your employees are covered regardless of who caused the accident, as long as it was not an intentional injury. Common injuries covered by workers’ compensation insurance include:
- Sprains and strains
- Acute or chronic pain
- Lacerations
- Bruises
- Fractures
Why You Need Workers’ Compensation Insurance
Maintaining workers’ compensation insurance is a fundamental way to protect yourself and your business. With such a policy, you will not be liable for any expenses associated with injuries sustained by your employees. Serious workplace injuries can result in thousands of dollars in medical costs, which could cripple some companies. But workers’ compensation will cover these costs in their entirety. Furthermore, worker’s compensation insurance from Anchor Insurance ensures employees cannot sue you for a workplace injury.
Our Team Will Help You Select the Right Policy
Selecting a workers’ compensation policy may seem overwhelming without the assistance of reliable professionals, such as you will find at Anchor Insurance offices nationwide. Our trustworthy agents will consider all aspects of your business to help you obtain a policy that meets your needs and fits your budget. Workers’ compensation is calculated using your business’s payroll. Each policy will vary depending on the industry, location, and injury threat. We will explain each element to you so that you can receive the best possible coverage.