Workers’ Compensation Insurance in Belmont, NC
Employees’ health and wellness should be a top priority for your organization. However, regardless of how well you may implement safety measures and encourage caution in the workplace, some accidents may be impossible to prevent. If a worker is injured or becomes ill due to their responsibilities, workers’ compensation insurance can be an essential investment.
Who Needs Workers’ Compensation Coverage?
Most businesses should consider workers’ compensation insurance to be a mandatory investment. Coverage is legally required in most states, and failing to adhere to such obligations could lead to significant fines and penalties, as well as even being forced to shut down your company. Additionally, the right policy can make all the difference in ensuring your company and employees can recover physically and financially from on-the-job incidents.
What Does a Policy Cover?
In the aftermath of a work-related injury or illness, employees may need help managing various expenses and financial losses. Fortunately, the right workers’ compensation insurance can provide aid for the following:
- Health care bills—If an employee needs medical attention, your policy can help with resulting costs.
- Income replacement—Insurance can help an employee recoup wages they would’ve otherwise made if not for their ailment.
- Disability benefits—Your coverage can assist with ongoing financial aid if an employee becomes temporarily or permanently disabled.
- Vocational rehabilitation—If a work-related incident prevents an employee from performing their previous duties, insurance can help pay for training and education as they seek out a new position.
- Death benefits—After a fatal work-related incident, your policy could compensate employees’ family members.
- Employer legal costs—In some cases, work-related injuries and illnesses could lead to lawsuits. Your insurance may assist with resulting costs, such as attorney fees, settlements and judgments.
We’re Here to Help
At Stowe Insurance, we’ve proudly served businesses, families and individuals since 1906. Contact us today to get a tailored workers’ compensation insurance quote.