Workers’ Compensation Coverage
From the moment you hire your first employee, you’re required to have workers’ compensation insurance coverage for them and your business. The policy we provide protects your business from facing expensive lawsuits, allowing you the peace of mind to focus on bettering your business.
Workers’ compensation is designed to reduce a business’s liability exposure as well as offering employees much-needed financial relief if they are temporarily unable to return to work. In almost every state, this coverage is required for businesses of all sizes.
We Serve: Michigan, Indiana, Illinois, Minnesota, Iowa, and Wisconsin.
About Worker’s Compensation
What Does It Cover?
Workers’ compensation insurance covers employees that are injured on the job, whether they are hurt on the workplace premises or elsewhere, or hurt in an auto accident while on business. It can also cover work-related illnesses.
Coverage can include:
- Medical care from the injury or illness
- Replacement income
- Costs for retraining
- Compensation for permanent injuries
- Death benefits to family members of workers who are killed on the job
When an employee collects worker’s compensation benefits, he or she cannot sue the employer.
What Doesn’t It Cover?
Workers’ compensation benefits do not cover pain and suffering, wages for a replacement employee, funds to improve workplace safety, and third-party damages. If your workplace is found unsafe for employees, you may also face OSHA penalties, which workers’ compensation may not cover.
Why Do I Need It?
While none of us want to think about workplace injuries or illness happening on our watch, accidents do happen. When they do workers’ compensation insurance provides coverage. Employers are legally required to secure workers’ compensation in Michigan, even if there is only one employee.
How Much Does It Cost?
The cost of worker’s compensation insurance is determined by the workers’ compensation board in your state, although if your business is classified a high occupational risk, you can expect your rates to be higher than others. Businesses with more risk, such as those in construction, mining, and farming may need to secure additional coverage. Even so, there are ways to save! Talk to your insurer for more details.
What OUr Clients Say
About Our Agency
Our Agency has helped hundreds of companies find the lowest rates available in workers’ compensation insurance plans to protect their businesses for decades. Let us do the same for YOU!
In 1960, John Scott founded his downtown office in Dowagiac, Michigan. Today, under the direction of third generation owners Todd & Amy (Scott) Marazita, the agency specializes in insuring companies in Michigan, Illinois, Indiana, Minnesota, Iowa, and Wisconsin providing business owners & their families with an experienced staff of agents. “Putting the needs of our clients above all else has remained our number one priority!”
Serving Michigan, Indiana, Illinois, Minnesota, Iowa, and Wisconsin SINCE 1960!