One of the most important aspects of your business is your staff. It is essential to your business to protect your employees from any potential danger, and you from any potential liability. In addition to being required in Massachusetts, there is no arguing that a workers compensation insurance policy is great to have for you, your business, and your employees. Make sure your small business is in compliance with all MA business laws and statutes.
This insurance coverage can ensure that employers will pay specific benefits in the event that a worker is killed, made ill or injured during their employment. A basic workman’s comp policy can provide your employees with the following:
- Vocational Rehabilitation
- Medical Expenses
- Lost Income/Wages
- Rehabilitation Costs
- Death Benefits
It is important to know that workers comp operates under a “no-fault” system. One of the biggest advantages for employees with this coverage is that they will not have to prove someone was at-fault to receive the coverage. There are exceptions to how the employee attained their injury, however, which include horseplay or intoxication on the job. Beyond that in order to receive the coverage, the employee simply has to prove that he or she was doing his or her job at the time of the accident.
Did you know that in MA if workers compensation coverage is not maintained as outlined by the employer for the employees, the business would be given a stop work order? This could be a fine up to $100 a day for a business. Make sure you and your employees have the coverage you need to avoid fines and the stress that could come if an employee is hurt on the job.
Massachusetts is home to many great businesses and industries; here are some facts you may not have known:
- Alexander Graham Bell, who invented the telephone, first demonstrated it in Boston in 1876. The first telephone line was installed in a home in Somerville.
- There is an average of 597,484 businesses, including these.
- In the 19th century, the state pioneered the manufacture of textiles and shoes.
- The state’s cranberry crop is the second largest in the nation.
We understand how imperative it is that things run as smoothly as possible. Having workers comp insurance can protect you and your company from costly lawsuits that could arise with an employee being injured, made ill, or killed on the job. It can also help to alleviate issues with the government and your employees. The commercial lines agents at Encharter are here to help put together the right workers comp policy for your needs in MA. We can even explain how going paperless can save you money!
Call Encharter Insurance today at 888.754.8299 or use our online form and contact us to receive your workers compensation policy quote.