By law, every employer must carry workers’ compensation to protect employees in the event of a work-related injury or illness. If you are a sole proprietor you may cover yourself with workers’ compensation. If you are incorporated you will be covered as an employee of the corporation unless you specifically opt out.
There are two kinds of benefits provided under workers’ compensation. The first replaces some or all of your injured employee’s pre-injury wage. The second provides medical and vocational rehabilitation to your employee.
There are many loss reduction steps employers can take to minimize losses and the cost of workers’ compensation. If this is a costly business item for you, Leonard Agency can advise you on risk reduction and loss prevention strategies.
The above description provides a brief overview of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Please read your official policy for full details about coverages.
Leonard Insurance can provide you with the coverage which suits you.