Workers’ Compensation Insurance in Weatherford, TX

Your employees’ health and wellness are crucial for company productivity and growth. However, workplace accidents and on-the-job incidents are an unfortunate inevitability, regardless of your commitment to safety and due diligence. Securing access to essential resources in the event of work-related injuries and illnesses is critical to help you and your employees recover from these situations. Understanding and retaining the right workers’ compensation insurance is paramount.

What Is Workers’ Compensation Insurance?

A workers’ compensation insurance policy can cover your business and its employees, potentially offering necessary financial aid in response to on-the-job injuries and illnesses. Like many types of insurance, your workers’ compensation insurance entails you paying premiums to maintain coverage. In exchange, you and your employees can file a claim against your policy and receive assistance in the wake of workplace accidents.

What Can Policies Cover?

Workers’ compensation insurance can vary in its exact capabilities, limitations and details, but many policies cover common incidents across various industries, such as falls, broken bones, lacerations, burns, repetitive stress injuries and exposure to hazardous materials.

When a covered employee is injured on the job or develops a work-related illness, they can file a claim against your workers’ compensation insurance. If approved, payouts may help them manage the following losses and expenses:

• Medical bills, such as for hospital stays and prescription drugs
• Wage replacement if an employee’s ability to work is adversely impacted
• Training costs to help affected employees learn new skills if they’re unable to return to their previous job

Additionally, if a fatal workplace incident occurs, your workers’ compensation insurance may issue compensation to the affected employees’ family members. Furthermore, your policy may help with legal expenses if affected parties sue your business over work-related injuries or illnesses.

How Are Rates Determined?

Insurance carriers may weigh several criteria when quoting your business a rate for workers’ compensation coverage. This process may often include analysis of the following:

• Industry
• Number of employees
• Total payroll
• Claims history

How to Get the Right Policy Near Me

Contact Associated Insurance today to discuss workers’ compensation coverage and secure an ideal policy.