Simply stated, workers compensation insurance brokers make sure your business and your employees are protected should work related injuries or illnesses occur. It is an investment in employee safety and satisfaction and as such it is a good business investment and, of course, in most states, it is the law.
1. State Requirements
Most states have different specific requirements and laws, which a broker can help you understand. Whether your state allows purchase of coverage through local carriers and agents or through state operated funds, a broker can ensure you meet these obligations.
2. Employee Assistance
An insurance broker specializing in workers compensation can make sure your employees receive the best possible coverage in the form of medical reimbursement, rehabilitation, and wage replacement. When these needs are met, employees tend to recover more quickly and return to work sooner.
3. Business Protection
Workers compensation insurance brokers make sure your business gets the right coverage at the best possible rates. By offsetting the real cost of medical expenses and wage replacement, your business can continue to operate profitably. Loss control services provided by an experienced broker can help keep premiums low and reduce costly claims.
Consulting workers compensation insurance brokers is a good business decision for your company and your employees.