Workers Compensation Information
Workers’ compensation insurance helps employees who are injured or become ill in a work-related incident recover financially. The coverage helps limit the employer’s liability for medical bills for an employee’s work-related injury or illness.
Contact Kingsley Blasco Insurance in Newville, Pennsylvania, today to learn more about how workers’ comp insurance can help protect your business and support your employees.
How Much Workers Compensation Insurance Do I Need?
Pennsylvania requires employers to have workers’ comp coverage in most cases, so talk with your agent to better understand how the laws apply to your organization. Without this workers’ compensation coverage, employers may be subject to lawsuits as well as prosecution by the commonwealth.
How Does Workers’ Compensation Work?
If your company provides workers’ compensation coverage and one of your workers suffers a work-related injury or illness, the employee can file a workers’ comp claim to receive help covering lost wages, medical care and treatments, disability benefits and even death benefits for the employee’s dependents.
This list may not be exhaustive. Your organization may have additional benefits and coverage to help with compensation for an injury. Talk with your agent to understand what specific coverage is included with your company’s workers’ compensation policy.
How Workers Comp Is Calculated
Workers’ compensation insurance costs may vary significantly. When calculating workers’ compensation rates, your insurer uses information about your policy and company and may consider the following:
· Your company’s size and location
· Your industry and the risks associated with the line of work Employee job tasks
· Your payroll
· Your claims history
· The number of employees on payroll
Your agent can help evaluate your needs and shop around for the best possible workers’ compensation rates.
How To Get Workers Compensation Insurance
Talk with your agent to better understand how Pennsylvania's workers’ compensation laws apply to your organization. Contact Kingsley Blasco Insurance today to get a quote for the workers’ compensation coverage your company needs to remain in compliance with the law and protect its future earnings potential.