If you’re running a small business and operations are growing, then you probably need to start hiring people soon. One of the first things you should do is protect your assets and your employees.
That’s why insurance matters. Here’s a look at several things to you should know before you start looking for a company that offers workers’ compensation in Phoenix.
It Protects Your Employees
Anybody with a working knowledge of this type of insurance knows it offers protection to workers. If any of your employees sustain injuries while they’re on the job or they’re out on the field in the course of fulfilling their tasks or duties at work, the workers’ compensation covers their medical care. The insurance can also cover a portion of the wages they lose as a result of the injuries they sustained.
It Protects You and Your Business
When you pay for workers’ insurance coverage, you don’t just provide your employees with the help they need in case of an accident. That also means taking steps to protect your business. Keep in mind that a single lawsuit could wipe out everything you’ve worked hard for. If you don’t want to lose everything you’ve poured your sweat, blood, and tears into, then getting worker’s compensation insurance is a must. This way, you can protect your company from future costs, including medical care and treatment bills.
It’s Different for Every State
Take the time to check with state rules, though. Some states require businesses to get insurance coverage if the number of their employees exceed five. That’s not the case when you’re in Phoenix, Arizona, though. Even if you only have a single employee, you’ll need to buy workers’ compensation coverage.
It Covers a Range of Injuries
Generally, this type of insurance covers injuries that the employee received at work or during the course of his/her employment. Injuries sustained while the employer was working due to events such as terrorist attacks, violence, natural disasters and more are covered as well. Still, it’s best to check with your insurance provider.
Bottom Line: Buying Insurance
Don’t wait until you have a lawsuit before you protect your business. Cover all your bases by getting workers’ compensation in Phoenix from Capital Insurance Services. With a range of insurance products, you’re certain to find the policy to fit your employees’ needs along with the kind of coverage that’s fit for your company.
