Any business that has employees is required by the state to carry workers comp insurance, and PA is no different. This is necessary in order for you, as an employer and owner, to pay for work related injuries to those people who work for your company. After all, the care for injured workers is a vital concern, and lawsuits for failure to cover your workers could completely devastate your business.
There are many top insurers available that work with specialty carriers and can find you the best coverage and most affordable rates. As well as being properly insured you should also seek advice on effective risk management services, claims analysis, and safety programs to help reduce the number of annual claims.
Not all policies are the same
Many business owners become victim to high-cost claims that could otherwise be avoided through the use of these services and programs, which once in place can help to deal with these injuries, saving you and your business money in the process.
Take a look at your current PA workers comp policy; does it provide adequate coverage for both long-term and short-term injuries? Is there room for improvements to your experience modification worksheet, payroll audits, and loss-sensitive rating adjustments? Speak to a reputable insurance specialist to see where you can make any necessary changes and where there might be problems or miscalculations.
It is important to remember that in case of injury or disease, workers compensation covers:
- Lost wages due to being unable to work
- Medical expenses incurred
- Permanent disability
- Rehabilitation, and
- Death benefits
Workers compensation can save you from costly lawsuits in case of on-the-job accidents and injuries, but more importantly, it helps keep your business running smoothly. But should anyone become injured, you can rest assured that they will get the medical treatment they require and deserve.