Workers' Compensation Insurance
Construction and contracting professionals know all too well the risks of their industry. From on-the-job accidents to illnesses from handling hazardous materials, even the best-prepared carpenter can be the victim of unforeseen events.
If one of your subcontractors is hurt due to malfunctioning equipment or falls ill due to exposure to asbestos-containing materials, your construction and contracting business could be held responsible. Workers' Compensation Insurance is the protection construction and contracting business owners rely on to cover the medical expenses related to an employee's injury or illness or for the earnings the employee missed while recovering.
How Construction & Contracting Professionals Benefit from Workers' Comp. Insurance
While some contractors know this coverage as "workman's comp" or "workers' liability insurance," Workers' Compensation Insurance acts as a safety net for your construction and contracting business by covering the costs of…
If one of your subcontractors is hurt due to malfunctioning equipment or falls ill due to exposure to asbestos-containing materials, your construction and contracting business could be held responsible. Workers' Compensation Insurance is the protection construction and contracting business owners rely on to cover the medical expenses related to an employee's injury or illness or for the earnings the employee missed while recovering.
How Construction & Contracting Professionals Benefit from Workers' Comp. Insurance
While some contractors know this coverage as "workman's comp" or "workers' liability insurance," Workers' Compensation Insurance acts as a safety net for your construction and contracting business by covering the costs of…
- Medical expenses relating to the employees' on-the-job injuries and work-related illnesses.
- Wages your employee would have earned if they were able to perform their work.
- Legal fees should your employee file a lawsuit against your construction and contracting business for their work-related injury or illness.
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Workers' Compensation Insurance for Contractors & Construction Professionals: Where to Start
As you consider your Workers' Compensation coverage for your carpentry business, keep the following tips in mind. Familiarize Yourself with Your State's Workers' Compensation Laws for Contractors.Most states require Workers' Compensation Insurance if your business has employees. For a labor-intensive field such as carpentry where the potential costs of work-related injuries are high, Workers' Comp coverage is always a wise investment. If you aren't sure what your state requires, or you simply want to learn more about Workers' Compensation Insurance for contractors, ask one of our agents today — you could start coverage within 24 hours of your initial application. |
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