American Eagle Insurance Blog
When you own a small business, you need to make sure that you are knowledgeable when it comes to the workers’ compensation system. Rather than wait for it and deal with it directly. Here are some things that you should learn with how you can provide support to your employees and how you can make sure that your company is safe from workplace injuries.
Expectation From Insurance
It is essential when it comes to workers' compensation that you are directly involved with insurance. In general, it is a requirement. Though the law varies in some states, that you have a workers compensation insurance. It is fundamental for small business owners to know the requirements to purchase the correct insurance coverage. Some owners think that general liability is enough to cover for them.
Though it might include very similar things, there are some differences. Workers' compensation covers specifically injuries that happened while working, while general liability is for customers, vendors, and other businesses who might file a claim against your company.
Assessment of Common Injuries
Accidents can happen in any workplace, even to the most cautious and responsible employees. As an owner, some of the significant responsibilities is making sure that your external job site and workplace are running safely. It includes the following:
In short, a great offense originates from a decent attack. It will be a good plan for your workers’ compensation, and it will help you prevent risks that your staff may encounter while working.
Additional Responsibilities and Requirements
Once you were able to create a safe working environment and you have a worker's compensation insurance, there are a few duties that you need to do as a business owner. Remember that when an employee got injured, you need to report the accident, and appropriately file the claim to the insurance company and workers' compensation board.
Also, you need to record the incident for the insurance may ask for information. It is also crucial that you are specific with the staff’s job description for your worker may sue you if they got injured while task performing their task outside their assigned work. Doing this may help lessen your liability before you give a new job.
Your workers are part of your family. They help you in running your company. Giving them the proper training and a safe working environment can provide your employees with insurance that you value them and therefore, will work efficiently. Purchasing an insurance plan is an investment not only for you but for your business. It will help you in times of emergency and can give you peace of mind.
At American Eagle Insurance, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (225) 667-7377. Get your free quote today by CLICKING HERE.