Workers Compensation

Workers' Compensation

Workers' compensation is a state-mandated insurance system in which the employer pays benefits to workers for any injury, disability, or disease incurred by the workers in course of their employment. This compensation covers medical care, part of lost wages and permanent disability in exchange of a legal promise that the employees will not file lawsuits against the employer over such workplace injuries.

Employers need to keep in mind several factors before choosing a workers' ompensation insurance plan. Mostly importantly employers need to ensure that the coverage meets the minimum requirements of the state.

Each state has different rules for workers’ compensation, ranging from the minimum number of employees needed for coverage, safety standards, and the percentage of the total expenses the insurer must pay. It goes without saying that you must be familiar with rules and regulations of your state and must understand these technicalities when you shop for a workers’ compensation plan.

At Advantage SBS, our experts are familiar with the rules and regulations of different states pertaining to workers’ compensation and we can help you choose a plan that complies by your state’s rules and provides you with the maximum coverage at the lowest price.

Two Most Frequently Asked Questions Regarding Workers’ Compensation Insurance

Is it mandatory for employer to carry workers’ compensation insurance?

Yes. As mentioned above, different states have different rules regarding the minimum number of employees required for coverage. For instance, while in the state of California an employer with even one employee needs to provide the coverage, in the state of Missouri an employer with less than 5 employees is not required by the law to carry workers’ compensation insurance.

Only a small group of employers is exempted from carrying workers’ compensation insurance under the workers' compensation act.

What are the responsibilities of an employer under the workers’ compensation law?

The foremost responsibility of an employer is maintaining the coverage. Further, the employer should also make sure that the employees know about the insurer carrier or claim administrator.

How Advantage SBS can Help You

Through our agency partnerships, Advantage SBS works with more than 150 national and regional carriers to help you select workers’ compensation plan that provides you with the best possible coverage for the best possible price.

To learn more about Workers' Compensation available through Advantage SBS or to speak with a representative, contact us today at (888) 762-2075 or complete our quote request form here.