Workers Compensation Insurance in Gainesville, FL – Hartfield Insurance Group
Protecting your employees from physical and financial loss is essential, and workers’ compensation coverage can provide protection for both. The professionals at the Hartfield Insurance Group want to help your small business prepare for these perils. Whether your business is based in Gainesville or elsewhere in Florida, we can find the perfect solution to your workers’ compensation needs.
While this coverage may be known by several names, each policy protects employees if medical care or rehabilitation is necessary while replacing some lost wages when they’re unable to work. If your employees are hurt at work or suffering an injury while operating a vehicle for business reasons, then workers’ compensation can keep your business from experiencing the full weight of this loss.
The professionals in our office have helped many businesses find the right business insurance for their needs, and we can give you quotes and rates from well-known insurance companies that provide coverage for small businesses.
Workers’ Compensation Coverage
When an employee is injured on the job, it’s often the employer’s insurance that covers the loss. Your small business may be unable to handle the financial consequences associated with an employee being hurt at work without coverage.
There are several names this coverage is known by, including:
- Workman’s Compensation Insurance
- Workers’ Liability Insurance
- Workers’ Comp Insurance
- Employer’s Liability Insurance
- Workmen’s Compensation Insurance
Each of these terms may be used, but the policies are the same; each provides coverage for medical expenses, rehabilitation expenses, and a portion of lost wages for the injured party.
Workers’ compensation can come into play at the workplace or when an employee is working within the scope of their job function. Many injuries and claims that fall under this coverage occur when an employee is involved in an automotive accident while on the clock. This is called acting in the “course and scope” of their employment, and injuries falling under this definition may place liability on the employer.
Additionally, workers’ compensation works by protecting your small business from financial ruin. When an employee is injured, there is the potential for large expenses tied to the medical treatment and rehabilitation of the employee as well as the wages they’ve lost. Small businesses often lack the liquidity to handle this cost alone, but you can rely on your employer’s insurance to help.
Purchasing Workers’ Compensation Insurance
It’s important to know that your traditional business liability coverage or business owners policy will not include workers’ compensation coverage; this means you need to purchase an independent policy to cover these instances.
Workers’ compensation insurance can cover a variety of expenses related to an employee’s injury, including:
- Disability case managers
- Rehabilitation consultants
- Physician consultants
- Managed prescription drug programs
- Certified life care and planning nurses
- Lawyers and legal staff
These expenses may not always be required, but the extent of the injury and the length of the disability can determine what’s needed. During the course of treatment, your injured employee may require additional medical services, managed care plans, or even legal fees for claims of negligence.
While you may not be required to obtain workers’ compensation coverage, you can still be held liable if a serious injury or death occurs; each state sets its statute of coverage for employees injured on the clock.
Failing to have coverage in place for an employee being hurt at work can lead to bankruptcy for a small business, but purchasing insurance coverage allows the company to manage the risk through smaller, consistent insurance premiums.
Addressing Your Business Needs
When you’re shopping for workers’ compensation coverage, make sure to talk with our licensed professionals. We’ve been helping small businesses in Gainesville, Florida achieve their insurance goals; we can use that experience to help you.
We offer additional insurance products that can meet your business’s coverage requirements, such as commercial auto insurance, general liability coverage, and commercial property insurance. Let us work with you to get the perfect insurance policies that adequately protect you from the unexpected.