Workers’ compensation insurance (workers’ comp insurance) is a mandatory type of insurance carried by many businesses. A Workers’ comp insurance program covers medical costs and a portion of lost wages for an employee who becomes injured or ill on the job.
Workers’ comp insurance also protects companies from being sued by employees for workplace conditions that can cause an injury or illness.
Workers Compensation – The right rating plan to reflect your unique risk.
Our workers compensation specialists are dedicated to creating a no accident environment for your business.
Our customized approach to workplace safety and risk management helps you minimize lost productivity time, contain medical expenses, enhance workplace safety and improve return-to-work frequency. We step in to resolve outstanding claims thoroughly and quickly. The end result for you: lower claims payments, enhanced employee morale, increased productivity and lower cost of risk.
Our services include:
- Diligent analysis of prior claims history
- Remediation of problem areas
- Assistance in resolution of claim disputes
- Auditing of state and insurance company reporting
- Challenge and obtain reductions of inappropriate reserves
- Manage litigation costs
- Monitor legislative developments
- Recommend/initiate special programs and self-insurance
- Cost containment programs
- Light duty initiatives
- Reporting procedures and regulations
Workers’ Compensation has evolved significantly since its earliest form of employer protection under English Common Law to its current system of state laws designed to protect both employers and employees. It has become a system of state enacted legislation to protect against lawsuits stemming from workplace accidents, coupled with a social insurance mechanism whereby coverage and benefits are mandated and costs cannot be passed on to employees.
Every state has a Workers’ Compensation law that requires an employer to pay certain benefits to an employee who suffers a work-related injury or disease, regardless of fault.
In exchange for such mandatory benefits, the employee foregoes the right to bring suit against the employer. However, today most states allow the injured worker’s family members to sue the worker’s employer because of a work-related injury. And while virtually every employer needs Workers’ Compensation insurance, benefits can vary by state, including the amount and duration of medical expense benefits, disability income benefits, rehabilitation benefits and survivor benefits for a spouse and dependents, as well as a burial allowance in the event of a fatal injury.
Private Client Insurance Services will help find the right carrier for your needs and will sort through the myriad of compulsory state coverage laws and mandatory income benefits to find the carrier most suited to insure your Workers’ Compensation exposure.