Workers' CompensationProviding a safe workplace is essential to the success of any business. When accidents do happen, Workers’ Compensation Insurance provides your firm with the coverage to provide your employee with the medical costs for proper treatmet of injury as well as up to two-thirds of their weekly salary.
In addition to the statutory Workers’ Compensation coverage, this policy provides coverage for Employers’ Liability and Stop Gap coverage in monopolistic states. Federal coverages, such as USL&H (Longshoreman) and Jones Act (Marine Employer Liability) can be provided on an “if any” basis, when requested.
Policies should be amended to provide coverage on an “all states” basis to provide coverage for employees that are traveling or are temporarily working out of state.
Safety and Loss Control Programs should be developed and maintained since all losses on your Workers’ Compensation policy will affect your Experience Modification which can financially penalize or reward you as this is a multiplier that gets applied to your premium charges.
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