If you’re a business owner, it’s important to have the appropriate insurance protections in place if an employee is injured on the job. Trying to obtain workers compensation coverage after the fact simply will not work. In other words, you need to be covered in advance. That’s exactly what a proper workers compensation policy does: It ensures that an injured worker’s medical and financial needs are taken care of when accidents happen.
Workers compensation insurance spreads and shifts the risk for on-the-job employee injuries from employers to insurance providers. Doing so protects the business from work-related claims and legal exposure. Business owners can breathe easier knowing employees will be properly cared for if an accident happens without posing a threat to the company’s profitability or to its solvency.
And workers compensation provides reimbursement regardless of who’s at fault for an on-the-job injury. If the injury occurs during the normal scope of normal job duties, workers compensation will pay all applicable benefits.
Workers Compensation covers several expenses related to a worker’s recovery from an on-the-job incident:
In terms of required coverage, Texas workers compensation law provides business owners with greater flexibility compared to other states. However, even if you’re not legally required to carry workers compensation, Clark Riley Insurance recommends it. If an employee sustains an on-the-job injury, responsibility for related medical payments and lost wages will ultimately fall on you, the business owner.
For more information regarding Texas Workers Compensation, you can visit: https://www.tdi.texas.gov/wc/employer/index.html.
At Clark Riley Insurance, we’re dedicated to helping all our clients make informed coverage decisions. That’s why we’re here to answer your every question regarding workers compensation or about any of our other numerous commercial insurance products.
If you’re ready to see how much you could save on workers compensation insurance for your business, call Clark Riley Insurance today at (806) 298-2591 or visit our our contact page for more information.
