What is workers' compensation insurance?
Workers’ compensation insurance, also called workers’ comp insurance, helps cover medical expenses and lost wages for small business owners if an employee is injured or becomes sick. This coverage can include rehabilitation services and death benefits too. Workers’ compensation insurance is also called workman’s compensation or workman’s comp. The GEICO Insurance Agency has teamed up with companies to help your business get the coverage and protection you need.
Workers' Compensation Insurance–Benefits For Employees
Mandatory workers’ compensation insurance helps you and your employees. For employees that are injured or become ill because of work related events, it can help cover:
- Medical bills
- A portion of lost wages
- Funeral expenses
Workers' Comp-Benefits For Your Business
Accidents happen, but workers’ comp helps give your business a safety net. In addition to helping cover medical bills and lost wages, the coverage may help with:
- Vocational rehabilitation services
- Legal costs in the event of a lawsuit
Who needs workers' comp?
Workers’ comp is required by most states for businesses that have at least one employee and not having it can result in fines. For example, in California your fine can be up to $100,000.
How to Enroll with Workers' Comp
Whether you’re a new or existing member, our office welcomes you. For more information or to request a free quote, contact us today at (855) 547-8683. Let Quote Valley Insurance help you maximize the benefits of your insurance coverage.