Accidents happen. They cannot be predicted, and the full extent of damage that could ensue is also uncertain. However, the right preparations can be made to guarantee that regardless of what happens, employees are as protected as possible and businesses are shielded from the liability of injured employees.
Workers’ Compensation Insurance
Insurance can protect more than just your financial assets. It can protect the most valuable part of your business: the employees who work hard for you. In a high-risk industry such as construction, an accident could easily lead to an employee injury. When this happens, workers’ compensation insurance is there to help your employees get the care they need.
What Workers’ Comp Covers
It could happen in an instant: one of your employees falls from a scaffold, is hit by moving construction equipment, struck by a falling object, or becomes injured by malfunctioning machinery.
Workers’ compensation insurance provides for medical bills and even lost wages in the event an employee gets injured or becomes ill while performing their job. In the construction industry, the risk of an injury is high. Your employees face physical risks every time they step foot on a project site.
If one of your employees is injured, workers’ comp benefits cover the costs of getting them well and back to work, including:
Legal fees, in the event of a lawsuit
Is Workers’ Comp Required?
Contractors and construction professionals know the risks that come with the job, such as heavy equipment, sharp tools, dangerous machinery, and even potentially toxic chemicals and materials. As an employer, it’s important to provide workers’ comp for your employees. And in many states, employers are required by law to provide this essential coverage.
Workers’ comp benefits extend beyond your employees, protecting you from financial losses in the event an employee injury becomes a lawsuit. You can get your employees the care they need and deserve to get back to work, while protecting your business from hassles, headaches, and lawsuits, as well.
Get Workers’ Compensation Insurance Today
Bodenstein Insurance specializes in finding contractor insurance solutions to meet your individual needs. We currently offer workers' comp insurance for contractors in most states. Call us today at (775)782-3030 to get started on an affordable workers’ compensation solution for your construction business.