Workers Compensation Insurance

If you’re a business owner, you’re already familiar with worker’s compensation insurance, but you might not be getting the best prices on your rates.

 

Worker’s Compensation Insurance: the Basics

Worker’s Compensation insurance generally covers workers when they are injured on the job. If one is hurt, then the Worker’s Compensation Insurance may cover all of or part of their medical expenses and lost wages up to a certain threshold amount.

Worker’s Compensation Insurance generally does not cover injuries that result from willful or/and intentional misconduct.

In most states, the Worker’s Compensation Insurance is paid for by the employer and not by the person who is injured. In most cases, it is mandated by law that employers carry Workers’ Compensation coverage with most states allowing exemptions only in very narrowly defined circumstances.

Failing to maintain a Worker’s Compensation Insurance policy can result in significant fines and penalties.

In most states, an employer is not entitled to a reimbursement from a Worker’s Compensation Insurance carrier for indemnity payments made on behalf of an injured worker. However, under certain circumstances the employer may be entitled to reimbursement of medical expenses and some attorney fees.

If you’re considering purchasing a new worker’s comp policy, or if you want to find out if your current policy is giving you a fair shake, click the link below and let us lend a hand.

 

Headquarters Location

(972) 359-9324
6401 Eldorado Pkwy Suite 218
McKinney, TX 75070

Tennessee Location

(629) 895-2986
40 Burton Hills Blvd STE 200
Nashville, TN 37215

The Woodlands Location

(281) 823-8262
9595 Six Pines Dr Bld 8, Level 2, Suite 8210
The Woodlands, TX 77830

Utah Location

(385) 301-2800
2150 South 1300 East Suite 500
Salt Lake City, UT 84106

College Station

(979) 216-3265
4040 Hwy 6 STE 200
College Station, TX 77845

New Mexico Location

(505) 501-8805
150 Washington Ave Suite 201
Santa Fe, NM 87501

Arizona Location

(480) 604-2828
2550 W Union Hills Drive Ste 350
Phoenix, AZ 85027

Idaho Location

(208) 370-3636
950 Bannock Street Suite 1100
Boise, ID 83702

Austin Location

(512) 387-8234
1 Chrisholm Trail Rd. Suite 450
Round Rock, TX 78681