3 Reasons Why You Need Workers' Comp For Your Business

​Workers' Compensation may cover on-the-job injury costs as prescribed by the applicable state law. Workers' Comp protects not just your business but your employees too. 

Hiring employees is a big responsibility for business owners because they are responsible for their staff's safety. No matter how secure you think your workspace is, accidents still occur. Here are some things you need to know about Workers' Comp Insurance for your business. 

Protection Against Financial Loss
Workplace-related injuries may be a huge burden for your business. Workers' Comp Insurance may protect you from financial risks when casualties happen. Below are the expenses that the insurance may cover:

• Injury-related Medical Bills
• Funeral and Burial Expenses
• Ongoing Care Fees
• Reimbursement for Lost Wages
• Legal Costs 

Liability Protection
This insurance might help limit an employee's right to sue your company in any formal lawsuit. If an employee sues your business for negligence, workers' comp insurance may help cover the following:

• Court Costs
• Attorneys' Fees
• Settlements/Judgements

Employee Hiring and Retention
Treating your employees with utmost care helps in retaining employees. It also shows that your company values employees. Workers' Compensation Coverage may help attract new potential employees to your business.

The Bottomline
Unexpected accidents can happen anywhere, anytime. As an employer, it is your responsibility to maintain a safe and conducive workplace for your employees. Workers' Compensation Insurance may protect your greatest asset in case of work-related injuries. 

At Cornerstone Insurance Agency, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (888) 661-8831. Get your free quote today by CLICKING HERE. Any coverage discussed is not guaranteed. Contact us today to go over your specific needs and we are happy to help you find a policy that works for you and your budget!