If you are going to start a business that is going to require you to hire employees, then you are going to be required to carry workers compensation insurance by help of Turchin Law. Workers compensation is insurance that provides coverage for an employees’ lost wages and medical bills if they get hurt on the job. In return for this compensation, the employee waives the right to sue the employer for negligence.
Knowing that as an employer you have to carry worker’s compensation insurance is one thing but finding a competent worker’s comp insurance agent is another story. This article will cover some steps to take to help you find the proper insurance agent.
The first step to take is to go to the worker’s compensation website where you will find information on state requirements and a list of agents. Another avenue that you can take is to talk to other local business owners and get references of what insurance agent they use. You can ask questions and determine if they are satisfied with their agent or if they have issues with them. You can take officers names off the list on the website and make cold calls to the agents.
You can ask them about the services they offer and what the cost is going to be and compare the quotes and information you receive. Be sure to ask the agents if they offer discounts for multiple policies. This is a great way to save money on services that you must have.
Another option that you have is to call or visit your states’ department of insurance for information on workers comp insurance requirements and agents. The advantage of this is that they will have a list of agents that are already licensed to sell workers comp insurance in your state. This site will also rate the agents and let you know what complaints if any have been filed against them.
Being a business owner with employees opens up a completely new arena of responsibilities. You want to give your employees the best coverage that you can afford so that they are protected. Employees who are well cared for make better employees. They will work harder and produce more for a company they know taking care of their interest. Protecting an employee’s health and income will put them at ease and take a lot of stress out of their life.
Posted in: Legal