Workers' compensation insurance is there to make sure that when accidents happen, employees are protected and businesses are safeguarded from the liability of workers compensation claims.
When employees suffer workplace injuries, workers' compensation insurance insulates the business from direct liability and protects employees financially. An employer without workers compensation insurance would have to pay out-of-pocket for damages when an employee is injured or becomes sick on the job. Workers' compensation insurance coverage protects businesses from having to cover those medical costs out of pocket.
Workers’ compensation insurance accounts for employee medical expenses and at least some portion of lost wages if they are injured on the job.
Workers’ compensation insurance is a requirement by law in most states. Business owners sometimes overlook the affordable value it can provide by protecting both employers and employees from potentially crippling expenses.
McGovern Insurance works with business owners to suit each company’s individual needs. Workers compensation insurance coverage is essential for employers. In the case of an accident at work, workers compensation insurance coverage will protect them.
Accidents happen, no matter how much you prioritize safety in your construction business. And in the high-risk construction industry, an accident could easily lead to an employee injury. Workers' compensation insurance ensures you can take care of your most important business asset, the men and women who help you get the job done.
Workers’ Comp Insurance
In the event of an accident, you can be prepared to protect your employees as much as possible, while shielding your construction business from the possibility of liability for employee injuries.
What Does Workers’ Comp Cover?
In the construction industry, it happens every day. A worker could slip off a ladder, fall from a roof, be struck by a falling object, or be injured by heavy machinery. If one of your employees is injured or becomes ill as a result of their job, workers’ comp benefits cover the costs of getting them well and back to work, including:
- Medical expenses
- Lost wages
- Legal fees, in the event of a lawsuit
- Disability benefits
As an employer, it’s important to provide workers’ comp for your employees. And in many states, employers are required to provide workers’ comp by law.
Workers’ comp doesn’t just benefit your employee, it also protects you from financial losses in the event an employee injury becomes a lawsuit. You can get your employees the care they need and deserve to get back to work, while protecting your business from hassles, headaches, and costly lawsuits.
In the construction industry, your employees risk their safety simply by showing up for work. Prevent accidents from happening by emphasizing a culture of safety, and be prepared for accidents with workers’ comp insurance so you can take care of the people who work hard for you.
McGovern Insurance is an experienced insurance agency that can help with your workers' compensation insurance policy. Call us at (650) 593-8216.