Workers Compensation
When your employees are taken care of, your business is taken care of.
A key part of running your business is keeping your team safe on the job. But even in the safest environments, accidents happen. A slip and fall at a restaurant. An equipment malfunction on a job site. It only takes one incident to affect an employee’s livelihood, and your business.
Am I required to have Workers Compensation Insurance?
Workers Compensation is a state-mandated program that covers lost wages and medical treatment when an employee is injured or becomes ill because of their job. In Texas, most employers choose to carry it, and many clients and contracts require proof of coverage before they’ll work with you.
How Much Is Workers Compensation Insurance in Fort Worth, TX?
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, Work Comp 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 Comp 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 ProCo Insurance LLC, 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.