Workers Compensation Information
Regardless of safety training or how many safety measures are put in place, every workplace is at risk of work-related injuries or illnesses. To help protect yourself and employees, and comply with applicable state laws, ensuring you have adequate workers’ compensation insurance should be a top priority.
How Much Workers’ Compensation Insurance Do I Need?
Each state has its own rules and systems regarding workers’ compensation insurance requirements. Contact Mustard Seed Financial & Insurance today to learn more about Idaho workers’ compensation insurance requirements.
What Is Workers’ Compensation Insurance?
Workers’ compensation insurance can help employees get compensation for a portion of lost income and medical care if they are unable to work due to a workplace-related injury or illness.
How Does Workers’ Compensation Work?
With workers’ compensation insurance, your company may receive financial help if an employee becomes ill or is injured on the job, and your business is legally liable for their expenses. Workers’ compensation insurance may cover costs associated with work-related injury or illness, including:
· Medical expenses
· Death benefits
· Missed wages
· Rehabilitation expenses
How Much Does Workers’ Compensation Insurance Cost?
The cost of workers’ compensation insurance differs depending on a few factors:
· Your company’s industry
· The type of work performed by the employee
· Your company’s claims history
When Is Workers Compensation Insurance Required?
Each business has unique needs, so the best way to determine your workers’ compensation insurance under Idaho state law is to contact Mustard Seed Financial & Insurance directly. Call us at 208-577-5577 to get started today.