Making your workplace safe is certainly one of your top priorities. Even so, accidents can happen. Having Workers Compensation insurance protects your company from litigation and covers injured employees’ expenses.
Here at the William M. Sparks Insurance Agency in Lutherville / Timonium, Maryland (Baltimore County), we know the state guidelines and will help you comply with your state’s requirements whether you do business in Maryland (MD), Virginia (VA) or Pennsylvania (PA).
Workers Comp Insurance Required by Most States
In almost all states, employers are required to carry Workers Compensation insurance – or “workers comp” as it is commonly called. This insurance protects you as an employer against lawsuits arising from workers injured on the job or developing work-related illness – whether it occurs on your workplace premises or elsewhere, including cases of business-related traffic accidents. Workers comp coverage applies regardless of who was at fault.
Scope of Workers Comp Coverage
Typically, Workers Compensation will pay for the following:
- Time lost from work
- Rehabilitation services
- Medical/surgical services
Your state dictates the duration and amount of lost wage benefits as well as guidelines for coverage of medical and rehab services, benefit disputes, etc.
Because of the nature of this type of insurance, your business insurance package will not include it. It is necessary to carry a separate policy for Workers Comp insurance.
Whether you’ve just hired your first employee or you are a seasoned employer, you might be wondering what you are required to do and what your options might be. Our representatives here at the William M. Sparks Insurance Agency in Timonium, MD, can bring you up to speed on this critical coverage. So why not contact us to discuss your needs or request a quote today if you do business in MD, VA or PA.
The scope of your insurance coverage and options depend entirely upon the policy and the insurance company providing it. This website is not intended to advise, offer or bind coverage. You should always discuss your insurance issues with professionals such as a licensed and qualified insurance agent like those at the William M. Sparks Insurance Agency before making any decisions or choosing a course of action.