An unexpected cost can turn a profitable business into an unprofitable one. If a worker is injured, your company may be required to pay workman’s compensation while also finding a temporary worker to carry out the injured employee’s tasks during his or her recovery. Your business could also be held liable for the accident and required to cover medical costs. Workman’s compensation insurance protects your company from these unforeseen difficulties, providing wage replacement and some medical coverage for employees injured on the job. In exchange for these benefits, employees agree not to hold the employer liable for the injury.
You can, thus, see the benefit of workman’s compensation insurance as accidents and injuries may occur at any time, without warning, and despite sound safety guidelines. Protecting your business means protecting both your workers and your own financial interests, and with so much on the line, you want to be confident that you get a policy that is tailor made according to your individual needs. A customized workman’s comp insurance policy created in collaboration with a knowledgeable agent from your Carrollton TX insurance agency, Jeff Van Matre Insurance Agency, can yield exactly the policy you need to give you confidence and peace of mind.
Specifics of Workman’s Comp Insurance
Although not required by Texas state law, workman’s compensation insurance is a popular and useful coverage option that many businesses carry. This coverage protects companies from lawsuits filed by an employee or his or her family. It also covers medical costs for injuries sustained at the workplace and covers the future earnings of an injured worker. The amount of coverage can vary from policy to policy. However, our agents are committed to crafting policies that fit our client’s needs. Expect your agent to take some time to learn the specifics of your business so that he or she can set you up with the policy that works best for you.
About Jeff Van Matre Insurance Agency: With over 20 years of experience in the insurance industry, Jeff Van Matre Insurance Agency can help you choose the right coverage plan to protect your personal and business assets and put your mind at ease. To learn more about optimizing your insurance coverage, visit us online or call 972-492-8500 today.