One of the most important types of staffing agency insurance is workers’ compensation coverage. The majority of states require you to provide this type of insurance if you employ five or more individuals. This specific type of insurance helps provide financial relief to employees and their families in the event of illnesses, injuries, or even death. Medical bills caused by on-the-job injuries can pile up quickly, and workers’ compensation can ensure that your employees do not face financial ruin on account of them. Here is some basic information about workers’ compensation coverage.
How Does It Work?
When a worker is injured on the job, he or she will not be able to work for an extended period of time. This can cause an extreme loss of wages as expenses begin to add up. If the injury is serious enough, some workers may find themselves permanently disabled, and unable to return to work. Workers’ compensation protects employees from having to financially support themselves during such events. It can also help protect you from potential lawsuits.
Not only is having workers’ compensation insurance a legal requirement, it’s simply the right thing to do. Your agency’s employees deserve the best treatment possible, and this coverage guarantees that they will receive just that. Be sure to ask your staffing agency insurance company about this particular type of coverage. It is in the best interest of both your business and your employees.