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WORKERS COMPENSATION

Widely perceived as an employee "benefit," workers compensation insurance coverage benefits you, the business-owner, most of all. This coverage ensures that workers are compensated for on-the-job injuries, and employers avoid being financially responsible for crushing legal or medical bills.

A necessary coverage, workers compensation coverage is required by law in almost every state. Coverage can include lost wages and medical treatment from an employee’s work-related injury or illness. It can also cover services needed to help an employee recover and return to work.

It’s important that you discuss your business model with an insurance broker who is familiar with workers compensation coverage and the associated risks to operating within your industry.

Brightstone works with leading insurance carriers, offering the best workers compensation protection available for your business needs.

Contact us today to learn more about your options!

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UNDERSTANDING WORKERS COMPENSATION

Typically, a workers compensation policy is written in two parts: “Part One – Workers Compensation,” and “Part Two – Employers Liability.”

Under Part One, the insurance provider provides coverage for whatever the state-required amounts of compensation may be. Each state determines features such as:

  • The amount of benefits of which an employee is entitled
  • How impairments are to be evaluated
  • How care is to be delivered
  • How claims are to be handled
  • How disputes are to be resolved

Unlike many other types of insurance, workers compensation coverage has no celling or limit on the policy amount. The insurance provider accepts the statutory obligation of whatever the employer is legally obligated to pay as a result of the injury.

Part Two of the policy provides coverage for an employer who is sued by an employee for work-related bodily injury or illness that isn’t subject to the state statutory benefits. Examples include:

  • Third-party Over Suit: An injured worker files suit against someone other than their employer, and that third party then seeks to hold the employer responsible.
  • Loss of Consortium: The spouse or family member of an injured worker sues the employer as a result of their significant other’s injuries.

Don’t make the mistake of ignoring your workers compensation needs. As a Brightstone client, you’ll receive expert consultation, exceptional customer service and unparalleled coverage for all of your commercial liabilities.

Contact us today for more information on workers compensation programs and pricing.

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About Brightstone

As a national transportation specialist, Brightstone is proud to be licensed and doing business in all 50 US states. We currently have clients all over the country and invite companies to seek our products and services that may be beneficial for them in their area.