Workers’ Compensation Insurance in Marietta, GA
Responsible employers must be mindful of their employees’ health and wellness. Furthermore, specific legal requirements regarding protecting workers’ well-being may apply to your organization, potentially incurring fines and other penalties for noncompliance. One particularly prevalent subject with which your company should be familiar is obligations regarding workers’ compensation insurance.
What Is Workers’ Compensation Insurance?
Workers’ compensation coverage can play a critical role in the stability of your business’s operations and the health and well-being of its staff. These policies can have many benefits, including helping employees recover from work-related accidents and ensuring financial stability.
What Do Policies Cover?
In the wake of many common work-related incidents, injuries and illnesses could have far-reaching ramifications for affected employees. Sprains, strains, falls, lacerations and burns may all be common regardless of precautions or the industry in which you operate. Fortunately, in response to such incidents, as well as many others, your coverage could help pay for the following:
- Medical bills—If an employee requires medical attention for an on-the-job ailment, your policy may help cover costs.
- Wage replacement—Policies can compensate employees whose ability to work is affected by workplace injuries and illnesses.
- Disability benefits—Employees who develop temporary or permanent disabilities may receive ongoing assistance from workers’ compensation insurance.
- Death benefits—When work-related incidents prove fatal, employees’ families may receive compensation.
- Employer legal costs—Affected employees may file lawsuits following work-related injuries and illnesses, but the employer liability coverage within your policy may help pay for attorney fees, settlements and other costs.
How Are Rates Calculated?
Workers’ compensation insurance providers may conduct comprehensive business assessments when determining your rates. This quoting process may often consider the following:
- Industry
- Location
- Employees’ tasks
- Total payroll
- Claims history
- Coverage limits
We’re Here to Help
Contact Cadenas Insurance Agency today to learn more about workers’ compensation coverage or get a free quote.