Workers Compensation Insurance

You already know that you’re required to have workers compensation insurance if you have employees. Keeping your employees protected against injury while on the job is important, both for them and for you.

However, no one says you can’t save money on your workers comp plan.


Understanding Workers Compensation

Before we get into how to save money, let’s review what workers compensation insurance covers. This type of insurance is designed to help employees who are injured or become ill as a direct result of their job.

If an employee is injured at work, workers compensation will cover their medical expenses and may also provide them with income replacement if they are unable to work. If an employee dies as a result of a workplace injury, workers compensation will provide death benefits to their family.

In most cases, workers compensation insurance is mandatory for businesses that have employees. However, there are a few states where it is not required. Even in these states, though, it’s generally a good idea to have this type of coverage.

Workers compensation insurance can help protect your business in several ways. First, it can help you avoid lawsuits from employees who are injured on the job. Second, it can help you keep your workers healthy and productive. And third, it can help you attract and retain good employees.

Now that you understand what workers compensation insurance is and why it’s important, let’s look at how you can save money on your coverage.

5 Ways to Save Money on Workers Compensation Insurance

• Shop around for the best rates.
• Consider a high deductible plan.
• Implement safety measures in your workplace.
• Promote a healthy lifestyle for your employees.
• Review your policy regularly and make changes as needed.

Your Workers Comp Plan

We can help you save money on your premiums by shopping your plan to multiple carriers. Additionally, we can help you establish new company policies that will lower your rates even further.

To learn more about saving money on workers compensation insurance, call us today for a free consultation.





380 Townline Rd., Ste 120
Hauppauge, NY 11788-2842