Workers compensation insurance is not required by Texas state law, but it is a coverage that many employers opt to purchase to help protect their businesses when unforeseen accidents occur.
What Does Workers Compensation Insurance Cover?
Employers are required to pay for their employees’ medical care when it is needed to treat workplace injuries. For many staffers, it will also be necessary for them to receive monetary compensation while they are recuperating and are unable to work. This can no doubt prove to be expensive, and workers compensation insurance can help pay for these bills.
Although employers do their best to ensure that no one is hurt at their place of business, falls and other mishaps can still happen. When this is the case, both parties will often find themselves appearing in a court of law to settle financial disputes. Fortunately, this is another area where workers compensation insurance is beneficial, as it can provide indemnification against liability expenses related to legal issues.
Workers compensation insurance also kicks in when a laborer dies through work-related activities, and this can help pay for funeral costs and payments that help support your employee’s beneficiaries. Workers compensation benefits may extend to people who perform services for you on a freelance basis, contractors, general employees, and even to yourself. Your agent can help answer questions regarding what is specifically covered, as it will vary, depending on the type of business that you are running.
Contact Strack Insurance Services in Arlington, TX
At Strack insurance Services in Arlington, TX, we strive to always provide superior service to our clientele. We offer various insurance products, including homeowners, automobile, and commercial insurance, and we look forward to finding the appropriate insurance package that’s right for you. Reach out to us today for more information!