Understanding the Importance of Workers’ Compensation Insurance for Small Businesses

As a small business owner, it’s crucial to have appropriate commercial insurance to provide adequate protection. Workers’ compensation insurance is quite significant when you have employees. This insurance safeguards both the business and its employees. For more information about this vital type of commercial insurance, contact us at Everett Insurance in Glen Allen, VA.

Covering Liability

Having employees entails a risk of potential workplace injuries regardless of the business type. Even in an office environment, a worker might stumble and get injured. Without workers’ compensation insurance, your company could be liable for an employee’s injury expenses. These expenses not only cover medical bills but also disability payments, legal costs, and lost wages. Having workers’ compensation insurance ensures that the policy takes care of these expenses, keeping your business unburdened.

Employee Protection

This type of insurance coverage also shields your employees. In the event of a severe accident, a small business without this coverage may struggle to cover all the ensuing bills. However, with workers’ compensation coverage, financial help will be readily available in case of an accident. It’s not advisable to leave a business or its employees vulnerable by not having this insurance policy as a safety net.

Get Workers’ Compensation Insurance Now

If your business is operating without this insurance, do not delay securing a policy. Contact us today at Everett Insurance in Glen Allen, VA.