If one of your employees was injured while at work, would you have the right insurance to cover their medical expenses and lost income? Workers’ compensation is required by law if your business has employees.
As an employer, you are required to participate in workers’ compensation. Your premiums will be based on the claims experience of your industry, which is historical statistical data that predicts the number of injures likely to occur in the industry. You may be able to lower your premium through voluntary employer training or safety programs.
When you consider your whole business insurance plan, don’t forget workers’ compensation insurance. The experienced professionals at Smart Insurance can help you obtain the coverage required by law.