How Workers Compensation Can Make or Break Your Business
Regardless of what type of business you are in, securing workers compensation insurance should be an integral part of your business plan, particularly as a small business owner. In today’s litigious society, your company or organization simply can’t afford to live without workers compensation. J.S. Edwards & Sherlock Insurance Agency can steer you business in the right direction when it comes to deciding on a plan that is best suited for your needs. As a result, your company or organization will be confident and better prepared to face the challenges of doing business in the 21st century.
What Is Workers’ Compensation and Why Do You Need It?
Simply put, workers compensation provides wage replacement and benefits to employees who are injured in the course of employment. In exchange, workers agree to mandatory relinquishment of their rights to sue their employer for a work-related accident. This is important because it frees companies of the tremendous financial burden associated with on-the-job risks while being able to provide workers with just compensation for any unexpected workplace injury. Essentially, both parties are safeguarded. Although most sates have some form of mandated workers’ compensation in place, the exact provisions of the measure vary by jurisdiction.
Control Workers Compensation Costs
J.S. Edwards & Sherlock can help you in your efforts to control workers compensation costs through effective loss control, experience modifier analysis, and aggressive claims handling.