If a workplace accident takes place, having the right workers'' compensation plan allows your business to make payments and cover any necessary expenses for employees. Ensuring that your company has the proper workers'' compensation coverage not only provides your team with the support that they need but also protects your company from the major financial impact of injured employees.
Workplace injuries can range from car accidents and back injuries to major damage from equipment malfunctions and, in the worst cases, even death. If your business does not offer workers' compensation, serious injuries that occur on the job could lead to an employee suing your company for damages. That's why it's important to discuss your options with a specialist at Lowry Insurance, who can help you find the right coverage options for all your business needs.
Workers' comp provides coverage for employees that become injured or sick from a work-related cause. A policy generally covers the cost of disability benefits, income, ongoing medical costs, and, in the case of death, funeral expenses.
Nearly every state requires all businesses to have workers' compensation insurance for their team - not offering workers' compensation can result in hefty fines for business owners. For independent sole-proprietors, you may be able to opt-out of providing workers' compensation for your own needs. It's best to check on the requirements of your own state before investing in a policy.
For business owners seeking to provide affordable workers' compensation coverage for their team, Lowry Insurance is ready to put decades of experience to work to find a solution that is right for you.