Workers’ Compensation Insurance covers lost wages and medical costs for work-related injuries, illnesses and death. This policy is required in MA & NH for businesses that have 1 or more employees.
Workers' Compensation assures that injured workers get medical care and compensation for the income they lose while they are unable to return to work.
Injuries employees sustain on the workplace or anywhere else while the employee is acting in the “course and scope” of employment are covered. The amount is a percentage of the worker’s weekly wage.
Protects employers from lawsuits by workers injured while working.
Workers receive benefits regardless of who was at fault in the accident.
If a worker is killed while working, workers comp provides death benefits for the worker’s dependents.
Workers comp insurance is not part of your Business Owners Policy (BOP).
Workers’ compensation protects your employees. If one of your employees gets injured on the job while performing their duties or sick from some exposure at work, workers’ compensation gives them monetary benefits to help them cover the costs of medical treatment, replace lost wages and recover.
Why is Workers' Compensation insurance important?
- For one it's legally required in MA & NH for businesses with employees. There are penalties for non-compliance, ranging from monetary fines to felony criminal charges in extreme cases.
- Workers’ compensation insurance coverage protects the business owner and employees by helping pay for medical expenses. Otherwise, the business owner would be responsible for covering those costs out of pocket.
Start by filling out the form then an insurance expert will contact you for next steps.