Category: Workers Compensation

Worker’s compensation insurance is an insurance policy that protects an employer’s liability for injuries and accidents that happen to the employees in the workplace. Employers need to have worker’s compensation coverage to protect themselves from accidents that occur in the workplace.

The type of accidents covered by worker’s compensation insurance includes injuries that happen during the ordinary course of employment. It is essential to have this coverage in place, not only for the security of your business assets but because it is required by New Hampshire law.

Business owners in Manchester, NH must have worker’s compensation for full and part-time employees AS Insurance Agency has the details on what coverage is mandatory below.

Worker’s Compensation Required Coverage

A valid worker’s compensation policy will cover any employee whose injury occurs in the course and scope of their employment and results in medical bills or lost wages. Insurance will cover the total cost of medical bills. It will also cover 60% of the employee’s lost wages.

Workers Who Are Covered

All employees are covered, regardless of who is at fault. This includes documented or not full-time, part-time, temporary, and immigrant workers.

Exemptions From The Worker’s Comp Law

Sole Proprietors or self-employed people are not mandated to have worker’s comp but are allowed to elect to have it. Those who work under a General Contractor may be required to have it per the GC’s will.

Limited Liability Companies (LLC) do not need worker’s comp if there are less than three executive positions with no other employees. This also applies to corporations and Professional Associations.

Give Us A Call

If you own a business in Manchester, NH and need a worker’s comp policy, contact AS Insurance Agency today.

If you are a business owner who leads a team of employees, it’s your mandate to guarantee their safety and security while in their working environments. While devising safety precautions in the workplace is pivotal in abating work-related injuries, the other way of assuring employee safety is by obtaining workers’ comp insurance coverage. But wait, what’s workers’ comp insurance, and why would you need it? Well, let’s find out.  

Workers’ comp insurance refers to insurance coverage meant to promote your employees’ safety and well-being at their places of work. It’s intended to save you from facing a lawsuit or incurring financial losses if anything happens to your employees at their workspaces. 

AS Insurance Agency in Manchester, NH recommends you to obtain workers’ comp insurance if you want to enjoy benefits such as:

Liability costs coverage

While executing their duties, workers can encounter accidents and sustain injuries. Since such an occurrence involves your business, it would be your responsibility to meet their treatment costs. 

Depending on the injuries sustained, the treatment costs can be high, but you won’t carry the burden when you have workers’ comp insurance. 

Protects your employees

If your employees suffer from work-related illness or injuries and require treatment, your workers’ comp insurance covers their medical costs. Besides, this coverage pays for your employees’ partial loss of income and funeral expenses.  

Upholding business reputation

With a worker’s comp insurance policy, people will view your business as a safe and secure environment to work in. Consequently, it will be easier to convince competent employees to join your business.

Protecting business finances

Once your business complies with employees’ comp insurance coverage, it will avoid incurring employees’ medical costs and non-compliance fines when mischance occurs. 

Buy workers’ comp insurance today!

Employee’s comp insurance policy benefits your workers and your business as well. Reach out to AS Insurance Agency in Manchester, NH, and get your employees well-being upheld.