Workers’ Compensation Insurance

Keep Your Employees Safe and Your Business in Compliance

Insure Your Business’s Most Important Asset—Your Employees

Workers’ compensation insurance is more than just a regulatory requirement—it’s a critical component of your risk management strategy, ensuring that your employees are protected in case of work-related injuries or illnesses. If an employee is injured on the job, they can file a workers’ compensation claim to receive benefits that cover their medical expenses, rehabilitation costs, and a portion of their lost wages.

Navigating the complexities of workers’ compensation coverage can be daunting. That’s where we step in. Our team of dedicated agents is here to guide you through every step, ensuring your business is equipped with the right coverage to foster a safe and supportive workplace environment.

What Does Workers’ Compensation Insurance Cover?

Most states require employers to carry workers’ comp insurance for both full-time and part-time employees. Workers’ comp usually covers:

Medical expenses – Treatment related to the injury or illness
Lost wages – A percentage of the employee’s average weekly earnings
Disability – Benefits if the injury or illness results in a temporary or permanent disability
Vocational rehabilitation – Training to help the injured employee return to work
Death benefits – Compensation to the surviving dependents if the worker dies

The High Stakes of Not Carrying Workers’ Compensation Insurance

Failing to carry workers’ compensation insurance where required can lead to severe legal, financial, and operational consequences for employers. Employers may face substantial fines, criminal charges, and potential lawsuits from injured employees, resulting in significant out-of-pocket expenses for medical bills, lost wages, and other damages. This financial burden can be so severe that it forces the business to close.

Frequently Asked Questions

Does my business need workers’ compensation insurance?

Yes, and here are five reasons why:

Legal requirement: In most states, employers are legally required to provide workers’ compensation insurance coverage for their employees.
Safety: Providing workers’ compensation coverage helps promote a clean, safe working environment.
Employee protection: Your workers are entitled to receive prompt medical care and financial support in the event of a work-related injury or illness.
Employer protection: Lawsuits are costly. By offering workers’ compensation, you limit your legal liability. Employees can’t sue your business for workplace injuries. Workers’ comp insurance is much cheaper than paying an injury claim out of pocket.

How much does workers’ compensation insurance cost?

Every business is different and requires a custom quote. As you would expect, jobs with higher levels of risk have higher workers’ comp costs. Construction companies, for example, pay higher rates than accounting firms. Your cost will depend on variables such as industry, type of work, number of employees, payroll, and even what state you’re in, as states have different requirements and rates.

For personalized assistance in finding the best quote for your needs, call us to speak with one of our expert insurance professionals.

How can I get the best price on workers’ compensation coverage?

Businesses that implement safety programs and practices to prevent workplace injuries lower their risk of losses, which can result in reduced insurance costs.

Can employers be sued if they have workers' compensation insurance?

Workers’ compensation laws generally limit employees’ ability to sue employers for work-related injuries, except in cases of intentional harm.

TESTIMONIAL

Honest Reviews from our Client

Always helpful, friendly and efficient. Aster National has been our broker for years and our agent always gets us the best rates! We look forward to working with you for years to come!

Everyone I talk to at Aster is very helpful. I never get the run-a-round or sit on hold forever. Customer service as it should be while other businesses avoid customer contact.

Aster is the best insurance company! Personnel are always super helpful and very nice. I highly recommend this company. Always reasonable pricing.

Very competitive rates for all my commercial insurances. Very convenient and quick response when requesting certificates of insurance. I would definitely recommend their services.

My company has been working with Aster National for a few years now and all I can say is that they make everything easy and they are helpful with any question I may have. Highly recommend !!! 5 stars!

We have been doing business with Aster for years. Agents are prompt to respond, courteous and always looking out for the better needs of my business.

Additional Coverages

Workers’ Compensation Insurance

Mandatory in most states, this insurance covers medical expenses and a portion of lost wages for employees who get injured or sick from their job.

Commercial Property Insurance

Plan for the unexpected. Protect your company’s physical assets, such as its building, and contents, including inventory, furniture, and equipment with commercial property insurance. It covers losses should your business have a fire, explosions, burst pipes, storms, theft, or vandalism.

Commercial Auto Insurance

An auto policy protects your business’s vehicles. Those might be cars your employees drive for business activities, trucks for transporting goods to customers, or contractors traveling with tools and supplies between job sites.

Protecting What Matters Most to You

Quality Insurance Coverage from a Trusted Agency

Enjoy peace of mind knowing we’ve got you covered.