Workers’ compensation insurance coverage is required by law for many businesses. This state-mandated insurance program was designed to provide medical treatment and partial reimbursement of lost wages for workers injured on the job and to help protect employers against civil lawsuits filed by injured workers.

Requirements for employers regarding workers’ compensation vary from state to state. Our agent at Klinger Insurance Group in Germantown, Maryland, can help ensure that your company is in full compliance with state laws and requirements.

What Does Workers’ Compensation Insurance Cover?

Workers’ compensation provides benefits to employees who have suffered a work-related injury or illness. Job-related injuries can result from a sudden accident or develop over time, such as injuries resulting from repetitive motion.

Benefits to employees include:

• Medical expenses associated with the work-related injury or illness, including emergency medical treatment, treatment with physicians, physical rehabilitation, and transportation
• Payment of a percentage of the worker’s average weekly earnings during time off work for recovery
• Permanent disability payments if the injury caused permanent physical impairment
  Vocational rehabilitation when the injured worker must seek a different occupation as a result of physical impairment
• Death benefits paid to the dependents of a worker whose death resulted from a job-related injury or illness

Workers’ Compensation Insurance Costs

Workers’ compensation costs vary. Rates for coverage are higher in certain industries, including natural resources, construction, and maintenance. Contact our agent at Klinger Insurance Group for a quote on workers’ compensation coverage for your company. We understand the importance of the bottom line and go above and beyond in service to help you find the best rates available.

Am I required to have Workers’ Compensation Insurance?

Workers’ Compensation coverage is a state-mandated insurance program that covers lost wages and medical treatment resulting from an employee’s work-related injury or illness. It also covers services needed to help an employee recover and return to work.

In most states, workers’ compensation insurance is required.

How Much Is Workers’ Compensation Insurance in Maryland?
Because coverage requirements vary by state, the cost of Workers’ Compensation depends on where your business operates. Other factors that affect your rates include…

• The number of employees you have.
• The type of work your employees do.
• Your claims history.
• Your industry.

Like all insurance, Workers’ Compensation is priced based on risk.

Riskier industries and jobs are more expensive to insure than less risky ones. To make sure prices are as fair as possible, they’re determined by classification codes.

Each type of work or industry has a unique code that classifies the industry and risk and helps the insurance carrier determine a suitable rate.

One way to save money on your Workers’ Compensation policy is to make sure you’ve classified every employee correctly. The secretary for a construction firm, for example, will have lower rates than the bricklayers.

At Klinger Insurance Group, we understand the importance of keeping your employees safe and sound. After all, they are the foundation of your business.

Call our office today and we’ll discuss your needs and options. You can also head over to our quotes page and get started that way too.