Workers Compensation Information
Workers’ compensation insurance helps provide financial protection for employers. Your company may be sued for damages if an employee becomes ill or is injured in a work-related accident or incident. With workers’ compensation coverage, employees can receive some wage replacement and help to pay medical bills.
Contact Ashlie Fortune Insurance in Jacksonville, North Carolina, to learn about workers’ compensation coverage and get a quote.
What Does Workers Compensation Cover?
If your covered employee is injured or becomes ill in a work-related incident, your company’s workers’ compensation insurance coverage helps pay for the following:
- Medical care and medical treatment
- Retraining and rehabilitation
Workers’ compensation can also help cover your company’s legal liability for the incident. This list is not exhaustive and your policy may provide benefits in addition to those noted here.
When Do I Need Workers Compensation Insurance?
In many states, including North Carolina, workers’ compensation insurance is required for certain companies. According to the North Carolina Workers’ Compensation Act, any employer with three or more employees must get workers’ compensation insurance or prove that they qualify as self-insured employers.
Your agent can help you remain in compliance with your state’s rules and get the coverage you need to help protect your company’s financial future.
How Workers’ Compensation Is Calculated
Worker’s compensation insurance premiums are set by insurers and depend on a number of factors, including:
- The type of work your employees typically perform
- Your industry and common risks
- The number of workers you employ
How to Get Workers Compensation Insurance
Contact Ashlie Fortune Insurance today to learn more about how workers’ compensation can help protect your organization.