As a business owner, you are responsible for the “on the job” safety of your staff. If someone gets hurt while working for you on the clock, if an accident happens inside your business involving an employee, if one of your personnel is the victim of violence while working for you, it is imperative that you have excellent workers compensation coverage in place beforehand.
Disasters can happen at anytime. As a business owner, you have the responsibility to be prepared for the unexpected. According to the Bureau of Labor Statistics, there were 2.9 million workplace illnesses and injuries reported by private sector employers in 2016 alone, with a little more than 890,000 of those resulting in days off of work.
Nearly one third of those injuries and illnesses reported by workers were considered serious in nature. The most common workers compensation injuries include falls, being hit by an object, overexertion, repetitive motion injuries, accidents with machines, workplace violence, and traffic accidents. As a matter of fact, 54% of the cost of workers compensation claims are for medical expenses.
Workers compensation insurance coverage is able to provide benefits to employees who have been hurt or injured on the job. These benefits often include lost wages, disability benefits, medical care, rehab or death benefits. In most cases, health insurance companies will not cover the expenses of an injured or ill employee who is hurt or sick because of something that happened in the workplace or while they were working. That is why workers compensation insurance exists.
The smartest plan for business owners who are concerned with workplace safety brings together a combination of safety training and awareness, good safety practices, and workers compensation coverage that will adequately cover your business and your employees in case of accidents and injuries.
Insurance Service Center works with over 1,000 local businesses. Let Insurance Service Center help you find the best workers compensation insurance coverage for your business! We have locations in Fayetteville, North Carolina on Raeford Road, Yadkin Road and Hope Mills Road. We also have locations in central North Carolina in Sanford, Lumberton, Apex, Clinton and Lillington for your convenience. Give us a call today at 1-800-259-8727 to get started!