The Breakdown: Workers Compensation

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If your business is just starting out, currently growing, or it’s established, it’s important to understand when to get workers’ compensation insurance. Workers compensation protects you from being held financially liable in the case of an employee getting injured at work. There are some things to think about when looking into purchasing workers’ compensation insurance for your company.

 

Should you get it?

Different states have different laws regarding Workers Compensation so it will be helpful to look up the laws in your state! According to the Alabama Department of Labor, if you employ less than five employees full-time or part-time employees, with the exception of constructing or assisting on-site in the construction of new single-family, the Alabama Workers’ Compensation Law does not require that you have workers’ compensation insurance.

 

Know what is covered

Broadly, workers’ compensation insurance covers medical costs from injury and illness. Depending on your coverage options this can include visits to the emergency room, lost wages from having to take time off work to recover from the injury or illness, surgery, or a tragedy like funeral costs. Be sure to talk to your insurance agent about what type of coverage is right for you and your business.

 

Do your Best to Avoid Worker Injuries

If you’re providing workers’ compensation for your employees, it is beneficial that you minimize the risk of accidents happening in the first place. A great way to do this is by implementing a workplace safety program, hosting trainings, removing hazards from the work area, and being open to getting feedback from your employees about how to improve the workplace.

 

How can you purchase it?

We would love to help! We offer different coverages for workers compensation insurance based on what the needs for your business are. To learn more about Workers Compensation, feel free to contact Shields Insurance Agency today at (205) 783-5893 or visit https://shields-insurance.com/home/commercial-insurance-solutions/workers-compensation/

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