Workers’ Compensation Insurance
Workplace accidents happen and employees can get injured.
Help protect your employees and your businesses from the financial impacts of an injury with workers’ comp insurance.
Did you know?
The average cost of a workers’ comp claim is $40,103, according to the National Safety Council.
The cost of workers’ comp tends to decrease over time due to the overall increase in workplace safety.
Protect Your Business and Your Employees
Making sure your employees stay safe while on the job is your top priority, but things happen.
Workers’ compensation insurance helps protect employees and businesses from the financial impacts of an injury. It provides benefits to an employee for work-related injuries or illnesses.
It helps cover employees’ medical expenses and helps replace lost pay while they’re out of work. Workers’ comp insurance benefits both employers and employees.
Employer Benefits of Workers’ Comp Insurance
- Covers employee illnesses and workplace injuries.
- Protects business from lawsuits by employees for workplace injuries.
- Keeps your business compliant with state regulations.
- Provides peace of mind by helping your business avoid expensive civil litigation.
There is only so much you can control when owning a company – let workers’ comp insurance help with the things you cannot control.
Workers’ comp can help protect employees if they:
Trip and fall while walking up the stairs in your office.
Develop carpal tunnel syndrome from poor typing habits.
Hurt their back lifting inventory.
Get hurt in a car accident while visiting a client.
*Coverages vary by state, offerings, and carriers.
F.A.Q
In 2019, about 20% of worker fatalities in private industry were in construction – accounting for one in five worker deaths for the year.
What is workers’ compensation insurance?
Also called workers’ comp, is a type of business insurance that helps pay for medical care, wages from lost work time, and more to employees who suffer work-related injuries or illnesses.
Coverage can include:
- Rehabilitation services
- Legal costs in an event of a lawsuit
- Death benefits
How much does workers’ comp insurance cost?
The amount a business will pay for workers’ comp varies and is based on several factors, including:
- The state(s) where your employees work
- Your annual payroll
- Your industry
- Type of work done by your employees
- Your claims history
Physically demanding work usually results in higher premiums as well as a history of workplace accidents.
As a business owner, do I need to have workers’ comp?
All states, with a few exceptions, require businesses to purchase workers’ compensation coverage for their employees. Each states requirements, wages, and medical benefits can vary significantly by state.
Do you know the laws and regulations of your state?
Browse this All States Workers’ Comp Insurance coverages. For more information on Tennessee Workers’ Compensation Act.
What is not covered by a workers’ compensation policy?
Some injuries usually are not covered by a workers’ comp policy.
A few examples are:
- Ones due to an employee being intoxicated or using illegal drugs.
- Injuries that occur while not on the job.
- An employee gets intentionally.
- If an employee’s conduct violates company policy.
- Injuries received by a fight that an employee started.
Additional Coverage
Builders Risk
Protect the progress of your construction project from property damage & theft of building materials.
Commercial Auto
Whether you have a single work truck or a large fleet of delivery vehicles, the liability exposure is significant. Protect your vehicles.
General Liability
Have peace of mind knowing your business is covered should be held responsible for an accident at your business.
