Workers’ Compensation Insurance in Cleburne, TX

All businesses must understand and address risks and dangers within their workplaces. Even employees working in relatively low-risk environments, such as offices or their own homes, could be harmed during the course of their work-related duties. Various incidents, including slipping on a wet floor, tripping over an upturned rug or being burned by spilled coffee, could occur at countless companies across many sectors. That’s why workers’ compensation insurance is critical for all businesses.

How Does Workers’ Compensation Insurance Work?

Like many types of insurance, workers’ compensation policies establish binding agreements between your company and its insurer. In exchange for your regular payments, known as premiums, your covered employees have the ability to file a claim for financial assistance following work-related incidents. If staff are injured or become ill on the job, workers’ compensation payouts can help fund their recovery and manage other expenses.

What Do Policies Cover?

Workers’ compensation insurance can often assist with many types of losses and costs arising from on-the-job ailments. Specifically, your policy could provide funds to assist with the following:

• Health care costs, such as if injured or ill employees require hospitalization or medication
• Lost wages, such as if an employee must miss work due to their work-related injuries or illness
• Vocational rehabilitation, such as if affected employees cannot return to their positions and require education and training for new jobs
• Death benefits, such as to compensate family members if an employee passes away due to an on-the-job incident

Additionally, workers’ compensation insurance often includes employers’ liability coverage. This component of your policy can help fund your legal defense and pay for settlements and judgments if affected employees choose to sue your company.

Do You Need Coverage?

Although Texas does not have sweeping workers’ compensation insurance laws, if your company plans to work with government bodies, you’ll typically need coverage. Even in the absence of official obligations, a suitable policy is generally advisable. Without workers’ compensation insurance, you could face costly out-of-pocket losses following workplace incidents and might struggle to attract and retain employees.

How to Get a Policy Near Me

Contact My Insurance Store today to learn more about coverage options or compare personalized workers’ compensation insurance quotes.