Workers Compensation

When an employee is injured on the job, workers’ compensation insurance steps in to cover medical expenses, lost wages and rehabilitation costs. For business owners, it offers a financial buffer against workplace injury claims that could otherwise threaten the stability of the business. Most states require employers to carry this coverage when they have a certain number of employees, so it’s important for you to understand your obligations.

What Workers’ Compensation Insurance Covers

A standard workers’ compensation policy typically includes coverage for medical treatment related to a work injury, a portion of the employee’s lost wages during recovery, rehabilitation and retraining costs, and death benefits for the employee’s family in the event of a fatal workplace accident.

Who Needs This Coverage

Any business with employees should consider workers’ compensation insurance. This includes:

• Retail shops and restaurants
• Construction and trades contractors
• Office-based businesses
• Healthcare and service providers
• Nonprofits and seasonal employers

Even in lower-risk work environments, accidents happen, and the financial exposure from a single claim can be significant.

How Premiums Are Determined

Premiums are calculated based on your industry classification, total payroll and your business’s claims history. Businesses with strong safety programs and low claim rates often qualify for better pricing over time, though no specific outcome can be guaranteed.

Why Working With a Local Team Matters

Our team works with multiple carriers, which means we can compare options across the market to find coverage that fits your industry. We also help you understand your state-required minimums and identify gaps in your current coverage.

Contact Ashlie Fortune Insurance LLC today to review your coverage options and confirm your business has the coverage it needs.