Workers Compensation Insurance in Charlotte, Matthews, Concord, Gastonia, NC, Fort Mill, SC, and Surrounding Areas

Workers Compensation Insurance Coverage That Protects Your Business
Workers Compensation Insurance from Craig & Preston Insurance Agency

Working solo in a business is one thing in Charlotte, Matthews, Concord, Gastonia, Fort Mill, and the surrounding areas, but as soon as you decide to bring in employees things change, and one of those changes is having workers compensation insurance in place. While this is a mandatory insurance policy, that doesn’t mean that you shouldn’t shop around for the best deal. At Craig & Preston Insurance Agency, we represent many different insurance companies, and while one might think that the costs would be the same for the same insurance coverage, there can often be a big difference between insurance companies for the same coverage. Contact us today to learn more and get your workers compensation insurance in place.

Demystifying Workers’ Compensation Insurance: Coverage Essentials for Employers and Employees

The idea behind workers compensation insurance is that instead of litigating a large number of cases involving employees that were injured or made sick on the job, companies would instead purchase this insurance to cover these costs whenever it happened. In exchange, workers would not bring suit over these issues, and for the most part this system works very well. The insurance covers medical expenses, lost wages, and other things related to bringing the employee back to a condition where they can return to work.

There are a number of different classes that businesses would fall into, and these classes help to determine what the rates from insurance companies would be. However, even with this system in place, different insurance companies calculate risk a bit differently, and that means that they will have different quotes for their policies. We can shop from many insurance companies to find the one that best fits your unique needs.

Safeguarding Your Workforce: The Importance of Workers’ Compensation Insurance

Workers’ compensation insurance really is there to protect both the business as well as the employee. This kind of insurance is referred to as no-fault insurance as it doesn’t matter how the injury happened, as long as it happened during the course of the job then the insurance will kick in to cover things. The business doesn’t need to worry about fielding multiple suits for work injuries, freeing them up to focus on their business while employees are still covered and taken care of financially.

Having workers compensation insurance in place is a requirement with few exceptions in Charlotte, Matthews, Concord, Gastonia, Fort Mill, and the surrounding areas. If you don’t have this insurance in place when you are required to, then you may be subject to fines, penalties, or other consequences that could severely affect a business. Contact us at Craig & Preston Insurance Agency today to learn more and have us help you get the right insurance policies in place for your business.