WORKERS COMPENSATION INSURANCE
What does Workers Compensation look like in the tech industry?
Despite advancements in workplace safety, accidents and injuries remain a concern in the rapidly evolving tech industry. Workers compensation insurance serves as a crucial safety net, guaranteeing proper care for employees while safeguarding businesses from legal and financial risks.
Unlimited scope of coverage.
Business workers comp insurance is customized to fit your company's unique needs, providing coverage for employees across different work environments, including in-office, hybrid, and remote settings. Coverage can apply to all employees wether they are local, out of state, or international.
For specific application to your company, click below.
Frequently Asked Questions: Workers Compensation Insurance
Please contact us at payson@techinsurancegroup.com if you cannot find an answer to your question.
In virtually all states, businesses are obligated to obtain workers compensation insurance upon hiring their first employee. While exemptions exist, securing this insurance is fundamental for shielding your business against the financial repercussions of medical expenses and legal proceedings stemming from workplace injuries.
Workers compensation insurance covers medical expenses for work injuries, compensates for lost wages, provides disability benefits, offers vocational rehabilitation, and gives death benefits to dependents in case of work-related fatalities.
The cost of a workers compensation policy for a business fluctuates based on factors such as business size, industry, and employee count. It typically ranges from a monthly cost of $20 to several hundred dollars. Contact our professionals to get a quote for your business today.
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