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Home > Blog > What Is Workers’ Compensation Insurance?
TUESDAY, FEBRUARY 27, 2024

What Is Workers’ Compensation Insurance?

Workers’ compensation insurance can provide financial support for employees in case of a work-related injury or illness. BIA & Company, in Coral Gables, Florida, specializes in providing businesses with tailored workers’ compensation insurance policies.

When Do I Need Workers’ Compensation Insurance?

In most states, obtaining workers’ compensation insurance is mandatory as soon as you hire your first employee. The requirements can vary by state, industry and the number of employees, making it essential to understand your obligations.

Your agent can help you determine when and what type of workers’ compensation insurance your company requires.

What Does Workers’ Compensation Insurance Cover?

Workers’ compensation insurance may help pay expenses related to workplace injuries or illnesses and may help provide coverage for the following:

  • Medical expenses

  • Lost wages

  • Rehabilitation costs

  • Death benefits

 

Working with a knowledgeable broker is crucial to ensure your policy addresses risks associated with your industry and workforce.

Contact Us

At BIA & Company we understand the importance of safeguarding your company and employees with the right workers’ compensation insurance policy. Contact us today for a personalized workers’ compensation insurance quote.

Posted 12:49 PM

Tags: workers compensation insurance
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