As a business owner, you have the responsibility of keeping your employees safe and healthy. If one of your employees gets injured while on the job, then you may be held liable. This is why workers’ compensation insurance is important.
Now, you may know what the basic benefits of workers’ compensation coverage are, but do you know that there are other benefits it can offer?
As an expert in workers’ compensation and contractors insurance solutions in Florida, we would like to share some surprising benefits of workers’ compensation insurance with you:
- Legal liability coverage
Legal costs can be colossal these days, which can severely affect your business. However, with workers’ compensation, your business will have legal liability coverage if an employee gets involved in an accident or incident while on the job.
- Occupational illnesses and conditions
Occupational illnesses and conditions have a drastic effect on an employee’s work productivity and overall quality of life. Workers’ compensation can help the employee save on medical expenses and take care of their condition, which also promotes their productivity at work.
- Lost wages compensation
Workers’ compensation will offset the cost of your employee’s disability, may it be in total or partial. There are certain cases, though, when an employee is out of work for just a short period. In that case, you will be in charge of paying their lost wages. However, workers’ compensation insurance offers coverage for half of the employee’s typical income while they have a temporary disability.
MPR-Fintra, Inc., an expert in business insurance Florida, U.S., International, can help your business with its workers’ compensation insurance needs.
Do not hesitate to ask about business insurance and captive insurance today!