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Workers' Compensation

Workers' Compensation

Workers’ Compensation Insurance provides employees with proper compensation for job-related injuries or illnesses. Although specific laws vary by state, workers’ compensation insurance is generally required of companies with W-2 employees.

Premiums are usually determined through a formula which includes a number of factors including salary, benefits and other variables.

The initial premiums are based on a number of prognostications including the amount of wages to be paid to workers. At the end of the policy period an audit is performed to determine the actual premium amount. The results of the audit can result in either a refund or additional premiums due.

We work with our clients to ensure they understand workers’ compensation insurance. We take the time to evaluate their needs and ensure employees are properly classified. This helps to minimize any surprises later on.

To assist you in understanding workers’ compensation, this e-learning book from the Hartford - “Help Me Understand Workers’ Compensation Insurance Enough to Feel Good About What I Buy!” is a terrific resource.

Contact us today to find out more about how we help employers with all of their insurance and risk management programs.