Workers may be exposed to a number of risks that can cause injury or even death. These events can affect your business with expensive costs or lawsuits. Workers’ compensation insurance is a system that has been designed to defray the expenses associated with caring for workers who are injured on the job. At Riverside Insurance Agency Inc. in Byram, MS, we help Mississippi companies acquire this important coverage for their business.
Do You Need Worker’s Compensation Insurance?
Requirements for workers’ compensation insurance vary from state to state. In Mississippi, workers’ compensation insurance is mandatory for businesses with more than five employees. If you have fewer than five employees, you may not need to have this coverage. However, some of the companies you do business with may require it as part of their contracts. Ultimately, having workers’ compensation insurance protects your company against large expenditures for employee injuries and avoids lawsuits that might occur as a result of worker injury.
What Does Workers’ Compensation Insurance Cover?
Workers compensation insurance covers costs related to worker injuries such as medical treatment for an injury, lost wages while recovering from an injury, and death benefits if a death occurs as a result of an injury on the job. If an employee accepts workers’ compensation for an injury, they cannot sue your company for the injury, which protects your business against expensive lawsuits that could threaten the financial stability of your company.
Choose Riverside Insurance Agency Inc For Your Workers’ Compensation Insurance
Workers’ compensation can be a complex topic, and you may have questions regarding the proper coverage. Our agents can answer your questions in detail to ensure you have the insurance you need. Contact Riverside Insurance Agency Inc. in Byram, MS for a no-obligation quote on workers’ compensation insurance that will protect your employees and your business.
