Worker’s Compensation Insurance
Understanding Worker’s Compensation Insurance (WC)
Derived from statutes of the states, worker’s compensation insurance, which is also known as “workman’s comp” or “workers comp” is necessary and required to provide protection and benefits to employees who suffer illnesses and work-related injuries. Purchasing WC insurance also protects employers from lawsuits filed by injured individuals seeking money for damages, pain and suffering.
Worker’s Compensation Coverage
WC only covers work-related illness or injury. However, worker’s compensation law does not limit the situation to occur within the workplace. As long as it is believed to be job-related, it is covered. This applies to situations like when an employee attends a business-related social function, traveling on business and doing a work-related errand. The coverage for WC also includes sudden accidents, injuries that happens over time, such as repetitive stress injuries or exposure of employees to workplace pollution or chemicals.
WC does not cover all incidents that happen within the workplace. These situations may include:
• Self-inflicted injuries
• Injuries from fight or caused by drugs or intoxication
• Injuries which result violation of the company policy
• Injuries claimed by an employee who is already laid-off or terminated
• Injuries which are felony-related
The comprehensive Worker’s compensation policy provided by Insurance Brokers of Maryland may cover:
• Expenses by an employee from medical assistance
• Expenses by an employee that is reoccurring because of an accident
• Wages lost due to accident of an employee
How Insurance Brokers of Maryland can help
Receive accurate quotes today to protect your business and employees! Our experts will assist you on your legal rights and explain all the necessary matters that involve benefits on your worker’s compensation coverage. Our knowledgeable and highly trained staff will tell you what you need to know and can answer questions that you may have about the policy. We will help you get the best quote and coverage that you require.
BUSINESS INSURANCE POLICY EXPERTISE
Builders Risk Insurance
When building a building, make sure that you’re protecting more than the people and the property, but the actual building itself while it is in the construction phase.
Business Owners Package Insurance
The full suite of necessary business insurance lines can be conveniently handled in a single BOP package, protecting the liability of your company’s property and vehicles.
Business Interruption Insurance
If a loss from theft, storm, accident or vandalism of property causes your business to be out of commission, threatening your business’s livelihood, you’ll be glad you have interruption protection.
Commercial Auto Insurance
Cover each of your company’s cars just like you would cover your own, and protect against risk to one of your company’s major investments.
Commercial Trucking Insurance
Taking goods from one place to another requires mitigating the risks to both the goods and the trucks hauling them.
Commercial Umbrella Insurance
Beyond what a standard business liability policy offers, an umbrella policy grants you even more protection for a true peace-of-mind feeling.
Contractor’s General Liability Insurance
Contractors, builders, construction managers, design/build professionals and owners of construction projects, whether public or private, commercial or residential, are all in need of general liability protection if something were to happen to persons or property.
Employment Practices Liability Insurance
If any of your employees sues your company as a result of your company’s business conduct, you are protected by this pragmatic form of insurance.
General Liability Insurance
Since anything can happen (and it usually does), a policy which pays in the event of a wide variety of occurrences is an absolute imperative for your business.
Hotel / Motel Insurance
As a hotelier, you encounter issues and possibilities unseen in any other industry – so you need a policy providing unique coverages to match.
Liquor Liability Insurance
Alcohol can lead directly to accidents, and if you supply, sell or make the alcohol in question, you could be liable for those accidents.
Medical Malpractice Insurance
Despite the best intentions, sometimes doctors and other medical professionals get sued by their patients – so having adequate malpractice protection is indispensable.
Product Liability Insurance
If a product is made or sold by your company and it causes harm to another’s property or person, the value of this insurance line is made clear.
Restaurant & Bar Insurance
The food service industry is tough enough, with the kinds of problems rare if ever seen in any other industry. Appropriately tailored insurance is a must for any restauranteur.
Special Event Insurance
Hosting a party, a concert, a convention? A special event implies special needs that can only be protected by this form of insurance.
Surety Bonds
Guarantee that a contract is executed on time and in the agreed-upon manner with a bond intended to secure the contract.
Technology Insurance
Meant for companies that deal in technology, this insurance helps you recoup losses which affect your ability to deal in that technology.
Wholesalers and Distributors Insurance
For companies in the business of wholesaling and distributing goods, a set of challenges particular to your industry means a type of insurance designed for you.
Workers’ Compensation Insurance
Replace the wages of your employees injured on the job while providing them with invaluable funds toward medical expenses.
Defense Base Act Insurance
DBA Insurance is a type of Workers’ Compensation insurance to protect employees, employers, independent contractors and others from damages due to injury, accidents, etc. on the job.
Insurance for Governmental Subdivisions
There’s much to be analyzed when considering a municipality’s insurance needs. Are there special events to be covered? Does the municipality make use of volunteers? How could your school board or your water authority be held liable?
Insurance for Non-Profits
Protect your Non-Profit organization from unexpected liabilities.
Insurance for Social Services
A social services organization has similar risk-mitigation and protection requirements as any other business entity, but more of them.