Workers’ Compensation Insurance in Arlington, TX
As an employer, you must understand that the health and wellness of your staff is integral to your business’s productivity, growth potential and overall profits. Incidents and unfortunate situations that harm employees or hinder their ability to perform their jobs can have a ripple effect on financial standing and future prospects. Fortunately, workers’ compensation insurance can equip your business and employees with the means to limit such consequences.
What Does Workers’ Compensation Insurance Cover?
These policies can supply a steadfast and versatile financial safety net for insured staff and your organization as a whole. Many common workplace incidents that may occur regardless of location or industry are covered. Specifically, covered employees can submit a claim against your business’s policy in response to the following:
- Falls
- Burns
- Lacerations
- Contusions
- Fractures
- Strains
- Sprains
- Repetitive stress injuries
- Exposure to hazardous materials
If an employee is injured on the job or develops a work-related illness, their claim can garner a payout that may assist with the following losses and expenses:
- Medical bills, such as if employees need to visit the hospital following a workplace accident
- Wage replacement if affected workers are unable to perform their normal duties or need to take time off work to recover
- Vocational rehabilitation costs, including training and education to help staff find a new job if their health prevents them from returning to their previous position
- Death benefits to compensate employees’ families should work-related injuries or illnesses prove fatal
Is Coverage Required?
Although Texas does not legally require all employers to carry workers’ compensation insurance, many may still be beholden to certain obligations. For example, if you plan to work on a government contract, you’ll need coverage. Additionally, many clients may mandate insurance before agreeing to go into business with your company.
We’re Here to Help
Contact GEC Insurance Services today to discuss your workers’ compensation insurance needs and identify an ideal policy.