Workers Compensation – something every business needs to keep their employees safe. Here’s your quick guide to this state-mandated insurance.

Workers compensation is a state-mandated insurance that covers the cost of any medical treatments, recovery, and loss of wages as a result of  work-related injury or illness. Having this insurance protects both the employee and employer. Employees will have medical costs covered for their work-related injuries and employers are protected from negligence suits.

1. Minimize Risk

The most obvious (and important) way to reduce workers comp claims is to prevent injury by creating a safe working environment. Ensure that all employees are properly trained to use the necessary equipment, be sure to revisit and update this safety training annually. Additionally, post safety instructions and emergency procedures clearly around the office.

2. Work With Specialists

Consult industry specialists, from engineers to insurance agents, who can assess your business and identify any exposures. We have specialists in a variety of industries that can make practical suggestions to minimize risk.

3. Stay Up to Date on Regulations

Workers compensation insurance is unique in that it is state-mandated. This means that every state has a slightly different requirement for coverage. Failure to purchase insurance can result in hefty fines, so it’s important to know your state requirements. Our agents can help you stay on top of changing regulations in all 50 states.

Provide information to your employees about their workers comp protection. Many companies provide an information brochure at the time of hire with the general process, reporting deadlines, and a contact number for questions.

4. Act Quickly

When a claim arises, it is important to attend to the paperwork quickly. Delaying the process for the employee could open you up to a lawsuit. Be sure to give the employee all the necessary paperwork and reach out to your insurer to file the claim.


Stay tuned for more insurance information. If you have any questions or would like a free risk assessment for your current coverage, please get in contact with a NextAssure agent!



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