Workers’ compensation insurance can help protect you and your employees from the financial burden associated with a workplace injury or illness. Our agents at Gray Insurance Group Inc. are here to help you sort through your workers’ compensation policy.  

Why Is Workers’ Compensation Important? 

Workers’ compensation serves two primary purposes: to cover costs for employees associated with their workers’ compensation claim and to help protect employers against lawsuits by workers. In some states, workers’ compensation insurance is required. If not required in your state, your business should still have workers’ compensation insurance to help prevent significant financial loss.  

What Does Workers’ Compensation Insurance Provide?  

Workers’ compensation has five primary benefits, including:  

• Wage loss benefits.
• Medical benefits.
• Disability benefits.
• Death/dependent benefits.
• Vocational rehabilitation benefits.

Without proper coverage, you could find yourself with high out-of-pocket expenses.  

How Much Does Workers’ Compensation Insurance Cost? 

Workers’ compensation insurance policy costs vary. One way to keep your costs at bay is to instill risk management in your workplace. You can create a safer workplace environment by incorporating some of the following:  

• Employee safety training
• Safety policies and procedures
• Good housekeeping

When you increase safety, you decrease the odds of workplace injuries. Fewer injuries mean fewer claims and a lower premium.  

Get Started Today 

At Gray Insurance Group we’re here to help you with your commercial insurance needs, including workers’ compensation. Contact an agent for more information or to get started with coverage.