Workers Compensation Insurance for Your Business

Workplace safety is of paramount importance. Organizations must implement a comprehensive safety program. This should include safety inspections, training on safe work practices, and proper use of protective equipment such as gloves and hard hats.

But what happens when a workplace safety issue does occur?

Workers’ compensation insurance covers medical expenses, lost wages, and rehabilitation costs for employees who are injured or become ill in the course and scope of their job. Employer’s liability coverage is included with workers’ compensation insurance. It can cover liability if an employee files a lawsuit claiming the employer’s actions or failure to act caused injury or illness.

How Does It Work?

When a worker is injured on the job, the employer must report the injury to their workers’ compensation insurance carrier. The insurance carrier will then investigate the claim and, if approved, provide funds to pay for medical treatment, lost wages, and other related costs.

That said, employers must make sure their workers’ compensation insurance policy is up-to-date, mainly if the company has made any changes to its operations or staff.

It is also worth noting that employers should always encourage their staff to report any workplace injuries, as failure to do so can result in hefty fines and other penalties.

Workers’ Compensation Insurance Requirements for Your Business

So, who needs worker’s compensation insurance?

Like any law, workers’ compensation requirements differ from state to state. Generally, employees who are injured or become ill due to a job-related incident or circumstance must be covered under workers’ compensation insurance. This includes both full-time and part-time employees as well as independent contractors working for a company.

In Massachusetts, domestic employees must work at least 16 hours a week to be covered under a workers’ compensation policy.

Members of a limited liability company (LLC), partners of a limited liability partnership (LLP), or sole proprietors of an unincorporated business however, are not required to carry workers’ compensation insurance for themselves in Massachusetts.

Those employees who are not LLC or LLP members are still required to be covered under workers’ compensation insurance.

At Northeast – MetroWest Insurance Agency, we are dedicated to helping New England employers ensure they have the right workers’ compensation policies to protect their businesses and employees. If you want your Worker’s Compensation Insurance or want a competitive quote, contact our team of experts at Northeast – MetroWest Insurance Agency today.

By complying with your state’s workers’ compensation regulations, your business can maintain a safe and healthy work environment while avoiding penalties.