How Do You Get Workers Compensation Insurance?
Worker’s compensation insurance, sometimes referred to as “workman’s comp,” is an insurance policy designed to protect an employee in the event of an on-the-job injury. Almost every state requires an employer to offer worker’s compensation insurance in some form. Most employees are automatically covered through their company’s benefits package without needing to get individual coverage through an outside insurance agent. Read on to learn more. Organize the paperwork you will need to get a worker’s compensation insurance policy for your employees. This includes payroll reports that show how much money is paid out to your employees. Insurance companies use these figures, along with their own classification codes, to determine how much a policy will cost. Make copies of accident reports from the past several years, if there are any, detailing injuries employees have sustained while at work. Most insurance applications require you to list this information when applying for a policy. Shop a
