Workers’ Compensation Insurance- Are You Covered?

As a Lansdale, PA business owner, being sued is probably one of your worst nightmares. All responsible business owners do their best to keep employees safe on the job, but no matter how careful you are, accidents happen. When accidents happen, you’ll want to have the peace of mind to know that your business will not be in financial ruin due to bills incurred by the injured employee. It’s important that you protect your assets by making sure that workers’ compensation insurance is a part of your commercial insurance plan.

What Farrel Insurance Associates, Inc. wants you to know

There are a few different things that workers’ compensation insurance will do for your business. First, your insurance will pay the medical bills of the employee who is filing the claim. The insurance can also pay for the wages that the employee misses out on due to their injury. This is especially important if the employee ends up not being able to work for an extended period of time. Secondly, workers’ compensation insurance will allow you to comply with the law. In Pennsylvania, all businesses with one or more employees must have workers’ compensation insurance. Lastly, workers’ compensation insurance will protect your assets in the event that the injured employee sues you and/or your business. 

Most workplace injury claims cost businesses upward of $35,000. The last thing you want is to have to dip into your hard-earned cash to pay for something that happened by accident. It’s important that you protect yourself, your business, and your family from losing the income you’ve worked so hard to build. Call a qualified agent at Farrell Insurance Associates, Inc., serving Lansdale, PA, today to discuss a policy that makes sense for the needs of your business.