Relatively few companies in Texas eschew basic legal protections such as holding insurance. However, for some, Texas workers comp insurance might seem like an unnecessary luxury. This attitude is particularly common among business owners who do not perceive their industry or practice as being excessively risky.
The unfortunate fact is that nearly every occupation carries the risk of injury. For example, some worker health problems are common to any business operating a physical facility:
- Slips and falls
- Head injuries, such as those sustained from colliding with doors or cabinets
- Long-term exposure to atmospheric contaminants
- Repetitive stress
Not every business carries the same risk for each type of injury. Therefore, Texas workers comp insurance policies often take into account the chance of a claim occurring before determining the premium price. If you are put off by the high average prices or shocked at the amount a competitor or colleague has to pay, then consider getting a quote that is based on an analysis of your own business.
Everyone is exposed to some risk when they go to work, but not every occupation carries the same chance of an accident or injury occurring. That means, of course, that not all policies cost the same for business owners. Before you write Texas workers comp insurance off as a luxury, check out how much it will cost.