Workers Compensation

Workers compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.

Workers Compensation Insurance is designed to help companies pay these benefits. As a protection for employees, most states require that employers carry some form of Workers Compensation Insurance. Workers Compensation Insurance is not health insurance. Workers Compensation is designed specifically for injuries sustained on the job.

In most states, if you have employees, you are required to carry Workers Compensation coverage. Even in non-mandatory states, it can be a very good idea, particularly if you have many employees, or if they are engaged in hazardous activities.

If you are a contractor, you need some kind of general liability insurance, just like almost all small business owners do. It is perhaps even more important for your business than for businesses that do work that is less physical and less dangerous. That is not to say, of course, that being a contractor is dangerous, but it is more dangerous that owning a clothing store, for example. Because of the manual labor and the power tools involved in the work that you do, general liability insurance is always a good idea. In fact, some employers may require that you have general liability insurance before they will hire you.

In some instances, contractors’ general liability insurance can stand in the place of a business owner policy. This is especially true if you do not own any commercial property or have operational or payroll that needs to be insured. Even if that is the case, you will still want insurance that covers liability, and this is where general liability insurance for contractions in Pennsylvania comes in. This can mean a lower rate and you really only have to pay for the coverage that you actually need.

In other situations, you might want contractors’ general liability insurance in addition to a business owner policy, in order to cover any issues that may not be covered by the more generic BOP. How do you know if you need just contractors’ GL or a BOP with general liability? Meeting with one of our agents is the best way to make sure you know exactly how much insurance you need and the best company to purchase it from.