Workers Compensation

Workers' Compensation coverage and Employers' Liability insurance are types of insurance that protect businesses and employees from workplace injuries and legal liabilities:

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Here are a few things you need to know about Workers Compensation / Employers Liability Insurance:

Workers' Compensation

  • Provides benefits to employees who are injured or become ill due to their work, regardless of fault. This includes medical bills, lost wages, rehabilitation, and death benefits for dependents. Workers' Compensation coverage requirements vary from state to state. 

Employers' Liability insurance

  • Protects employers from lawsuits filed by employees who claim negligence or inadequate workplace safety. This insurance covers legal costs, settlements, and damages. It's typically an additional coverage that complements workers' compensation.

How is a Work Comp / Employers Liability claim triggered?

  • Employers' Liability insurance is triggered when an employee files a civil negligence claim for a work-related injury, and the employee isn't eligible for Workers' Compensation. It's sometimes called "stopgap coverage" because it fills the gap between Workers' Compensation and an employer's revenue and assets. 

How is premium calculated?

  • Primarily from projected payroll / commissions.

  • Claims history

  • The nature of your business