Work Compensation

Owning and running your own business is the American dream, it is however fraught with many expenses and costs that you may not have been aware of when you started out. If you are running a business that has one or more employees you are required by law to carry some form of work compensation insurance. This insurance is intended to take care of your employees should they get hurt on the job and need to take some time off. Not only does work compensation insurance protect your employees, it will protect both you and your business from the possibility of financial loss should an accident occur. This type of insurance is not to be confused with regular health insurance. While it is intended to cover the cost of medical bills, it is only mean to cover them in the event of an accident while your employee is on the clock and either on the company's premises or in a company vehicle. Work compensation insurance is also intended to pay the injured employee's wages during the time that they are unable to work.

Not only does this insurance cover injuries and time lost because of them, it will also cover any illnesses that are the direct result of an employee performing his regular job. Each state has its own laws and you will need to review them to see exactly what coverages you are required to have, where you can buy it. Long before the passage of work compensation laws in the early part of the last century an injured worker was on his own. The only way most injured employees could get their employer to cover the cost of their medical bills and pay their lost wages was to take them to court and sue them for the money. The hard part was that if fell upon the employee to prove beyond a shadow of doubt that the accident occurred as a direct result of negligence by his employer. It could be very difficult for an employee to prove negligence and more often than not the employee often ended up losing. With modern work compensation insurance, neither the employer nor the employee is considered to be at fault.

The insurance simply pays the bills and saves any one from having o worry about lawsuits and the expenses that go with them. The level of benefits may vary from state to state, but all states require employers to carry some form of workers compensation insurance to protect their employees. No matter what state your company is based in you will find that Frankel Workers Comp can help you find the work compensation insurance you need. With access to multiple insurance carriers their trained agents can help you find the coverage you need at reasonable prices. You can use their online site 24 hours a day, 7 days a week to search for your insurance policy, find the one that suits your needs and file an application. You will receive your quote within 24 hours of your initial inquiry and their customer service department is always ready to help you with any questions you have.