Workers Compensation Insurance
Why Do I Need It?
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Do you have an employee? Most states require businesses to have some sort of WC policy. If you're in Colorado we have a couple local providers as well.
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Defense Costs: From small tech problems that cause clients to open a case to advertising and copyright suits.
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Medical Expenses: Can help mitigate small claim costs due to personal injuries.
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Data Breaches: Basic coverages that can be expanded to limit any loss of valuable electronic data.
What's Covered?
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Employee Work Illness & Injury Expenses: Any claims resulting from employees sick or injured, or lost revenue from temporary lack of productivity.
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Employee Injury Lawsuits: Professional mistakes due to services provided is under a separate professional liability policy. (However, general mistakes made by employees and temporary staff is usually covered.)
Other Coverages Included:
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Ongoing care (including medication and rehabilitation).
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Missed wages (often partial) during recovery.
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Funeral expenses for fatal incidents.
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Death benefits to support the deceased's family.
All commercial policies are different and require an experienced approach to make sure you aren't leaving yourself open to any unintended risks. Having a local broker who can sift through the marketplace effectively is a necessity for today's shifting environments.
Do you really want a random agent from the carrier handling your best interests?
Shop Local. Shop Smart.
