Protection for you and your employees
With few exceptions, workers’ compensation insurance is a mandatory coverage that is required by law in Michigan and most other states. It is essentially a type of no-fault insurance designed to protect both you as the employer and your employee, should he or she be injured while in the “course and scope” of employment. Workers’ compensation covers the associated medical costs of treating an injured employee and provides temporary wage replacement if the employee is unable to work. In exchange, as the employer, you are protected from lawsuits related to the injury because workers’ compensation is the employee’s “exclusive remedy.”
Compliance issues abound
Workers’ compensation is often a headache for employers. Employers are legally required by OSHA to provide a safe and healthful workplace, free from hazards. Despite best efforts on the part of employers, injuries occur. Obviously, some professions are more hazardous than others, so workers’ comp is a greater or lesser exposure depending on the nature of the business and the job. For example, construction workers, truckers, and manufacturers have a higher risk of on-the-job injuries than tech or retail workers.
There are also numerous regulations and compliance issues related to workers’ compensation. Every state administers its own workers’ compensation system, so laws vary by state. If you employ people in multiple states, you must comply with the law in that state. Each state has different injury reporting requirements and waiting periods until benefits apply. Here in Michigan, the employer may direct the injured worker to a treating physician or medical facility of the employer's choice for the first 28 days of care following the injury or illness.
An expert partner can reduce your risk
Nulty Insurance helps employers successfully address the challenges of workers’ compensation, including finding the right insurance coverage. It’s important to find the right insurer, one that knows your industry and offers the appropriate services and expertise. For example, many insurance companies are noted for excellent safety and loss control programs that help you reduce your risk.
Nulty Insurance’s commercial insurance advisers are highly knowledgeable about the complexities of workers’ comp insurance and skilled at helping our clients navigate what can sometimes be unfamiliar terrain. We listen, we research, and we find the best ways to solve problems for our clients. Our goal is to truly partner with our clients and to put our expertise to work to help them make the best decision for their unique circumstances. We work a little harder and we get creative to help our clients find the right solution at the right price.
Reach out to us!
Nothing means more to us than earning the trust of our clients. It’s the foundation on which we’ve built and grown our business over the years. Integrity, innovation, and security are at the core of the solid relationships that we build with our clients.
Our consultative service coupled with our integrity and hard work have earned us long-term business relationships. We invite you to learn why! Give us a call at 877-830-3099 or take a minute to fill out a free quote form. We’d love to meet you!