As a small business owner, one of your most important assets is your people. So when an employee suffers a work-related injury or illness, you feel it - both emotionally and financially. Because employee injuries can impact your insurance premiums and your profitability, you need the knowledge of a seasoned company that offers the coverages and capabilities to help address these indirect costs.
Perhaps what business owners appreciate most about a well managed Compensation Program is a range of coverage options. Because not every company's needs are the same, look for more than one versions of Workers' Compensation Broad Form Endorsement. Not only will you find many of the standard coverages in our Basic version, but we also go beyond these statutory requirements. And if you're looking for additional coverages, you'll find we pack even more value into our Extended Options plan. |
| Workers Compensation Insurance - How it Can Improve Your Bottom Line |
Here are just some of the coverages that may be included in a typical Basic Broad Form Endorsement that may be especially valuable to your business:
Reimbursement for your reasonable expenses - including loss of earnings - incurred on your behalf in connection with a claim, proceeding or suit we defend.
Employer's liability stopgap for all states where workers' compensation is provided by a monopolistic state fund.
Voluntary compensation for your employees who are not covered by state statute.
Sixty days - versus the industry standard of 30 days - to notify us to add states where you have newly set up operations.
An expanded Broad Form Endorsement may include some or all of the following in addition to the basic option:
Increased limits for employers' liability insurance.
Reimbursement for your reasonable expenses - including loss of earnings - incurred on your behalf in connection with a claim, proceeding or suit we defend.
Employer's liability stopgap for all states where workers' compensation is provided by a monopolistic state fund.
Voluntary compensation for your employees who are not covered by state statute.
Sixty days - versus the industry standard of 30 days - to notify us to add states where you have newly set up operations.
An expanded Broad Form Endorsement may include some or all of the following in addition to the basic option:
Increased limits for employers' liability insurance.
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| Workers Compensation Insurance - How it Can Improve Your Bottom Line |
Waiver of our right to recover from other parties liable for an injury to your workers in those instances where you have signed an agreement with the other party requiring such a waiver.
Extension of workers' compensation insurance to cover your employees who suffer employment-related injuries or illnesses while traveling on business outside the United States.
Coverage for your obligation under the United States Longshoremans and Harbor Works Act to provide these federal benefits if an employee should unexpectedly be found subject to the Act.
Of course each small business has unique needs; be sure you seek advise from a qualified broker with experience in the workers compensation speciality.
Extension of workers' compensation insurance to cover your employees who suffer employment-related injuries or illnesses while traveling on business outside the United States.
Coverage for your obligation under the United States Longshoremans and Harbor Works Act to provide these federal benefits if an employee should unexpectedly be found subject to the Act.
Of course each small business has unique needs; be sure you seek advise from a qualified broker with experience in the workers compensation speciality.
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