Protecting Your Employees and Your Business

A key part of running your business is keeping employees safe at work. However, if a worker does suffer an injury, workers compensation coverage provides you and your employees with important protection.

Workers compensation coverage is a state-mandated insurance program that covers lost wages and medical treatment resulting from an employee’s work-related injury or illness. It also covers services needed to help an employee recover and return to work.

Workers’ Compensation is best defined in two parts:

• PART ONE – Workers’ Compensation insurance agrees to pay the benefits required under the Workers’ Compensation law. The employee’s injury or illness must arise out of and in the course of employment. Once this has been established, the employer is legally obligated to pay the required benefits for that injury, including medical costs and lost wages (up to statutory limits). Such awards are granted without regard to fault or negligence on the employer’s part.
• PART TWO – Employer’s Liability insurance provides coverage for an employer’s legal liability to employees not covered by the Workers’ Compensation law. When the injury or illness is outside the scope of Workers’ Compensation law, the employee retains the right to sue the employer under common law. However, the employer is protected by three common law defenses:  assumption of risk, contributory negligence, negligence of a fellow employee

Your trusted team of advisors at Crissie Insurance Group will advise to which Workers’ Compensation programs/plans are suitable for your business. Some of our programs/plans include:

• Captives Programs
• Guaranteed Cost Plans
• High Deductible Plans
• Professional Employer Organization (PEO)
• Retrospective Programs
• Self-Funded Plans