Workers’ Compensation 2017-05-29T05:55:38+00:00

Workers’ Compensation

Workers’ compensation provides wage replacement and medical benefits for employee’s who suffer a work related injury. It also protects employer’s from potentially liabilities as a result of an employee getting injured on the job; workers’ compensation protects your business from lawsuits stemming from workplace accidents.

Workers’ compensation policies generally provide a number of provisions such as weekly payments for lost wages, reimbursement or payment of medical or like expenses, benefits payable to an insured’s dependents in the event the insured is killed during employment, or compensation compensation for economic loss.

Here are some key reasons to have workers’ compensation.

  • Workers’ compensation helps protect one of your most valuable assets – your employees

    If they are injured while working for you, workers’ compensation will take care of their medical bills and pay their lost wages while they heal. Workers’ compensation will help get your employee back to work as soon as possible.

  • Workers’ compensation is portable

    If you have workers that travel across state lines, double check that your workers’ compensation policy is written correctly. It is possible for workers’ compensation coverage to follow and protect employees that cross state lines. Since worker’s compensation requirements vary state by state, coverage can be declined if the policy is not written properly.

  • You can positively affect your premium

    A good, aggressive, active safety program can not only keep your employees safe – but will keep your costs down. The better you control accidents, the lower your experience modification and monthly workers’ compensation premium payment will be.

Did you know that employees have different “job classifications,” and inadvertently classifying employees incorrectly can be expensive? Our agents at Excel Benefits are educated aware of nuances like this, and will take the necessary steps and make sure your business gets the right policy for the right price.