Worker’s Compensation Insurance policies provide benefits to employees for injuries and illnesses caused by or aggravated during the course of employment.
Your employees receive valuable benefits and your business is protected against legal exposure.
Worker’s compensation policies provide payment for medical treatment, temporary and permanent disability, death benefits, prescriptions, rehabilitation, including transportation to rehabilitation. Most also provide valuable coverage known as employers Liability. Employer Liability allows for much more benefit and is included with each worker’s compensation policy. Ask us to explain this added coverage.
Workers’ Compensation is an auditable policy, and as such, premiums are based on estimated payrolls for the upcoming policy period. At the end of the policy period, an audit is performed to ensure the premium reflects the actual payroll amount.
Workers’ compensation insurance is required in almost every state. State statutes and regulations governing worker’s compensation vary significantly, however. Coverage and rates are dependent on industry class codes.
State laws and other governing bodies require policy audits to ensure employers are paying for their actual exposure. Variances between estimated exposure and actual exposure may result in payment of additional premiums or a premium refund.
Do your current polices need re-evaluation? Find the right insurance policies to protect you and your business assets, and experience courteous, respectful and resourceful customer service at Millsaps & Associates, Inc.
Get the policy you want, from Millsaps & Associates, Inc.