Pay as You Go Workers' Compensation

For most employers, Workers' Compensation coverage is not only costly, but also unpredictable. As an Employee Professionals client, your Workers' Compensation is greatly simplified and generally costs less as well. Your employees are covered under our own Workers' Comp policy, which gives you the benefit of low rates, plus:

• You pay as you go. Premiums are included with your regular payroll billing
• No down payments, no end-of-year audits, no finance charges
• No renewal headaches
• 24-hour turnaround for new certificates
• Simplified accident reporting

Workers compensation coverage ensures that employees injured on the job are provided with fixed monetary awards, eliminating litigation and providing an easier process for employees. It also helps control the financial risks for employers since states usually limit the amount an injured employee can recover..

In general, businesses are required to carry workers' compensation insurance if they have one or more nonfamily employees. In some states, insurance must also be provided to part-time workers and contractors.

Workers' comp provides many benefits to employees injured on the job. Typically, those benefits can include:

• compensation for a percentage of lost wages
• reimbursement of medical expenses
• recovery and rehabilitation services
• death benefits for families

Compensation and benefits are based on type and severity of the injury as well as on the kind of work performed by the claimant. For example, a clerical worker who can return to the job quickly with little or no impairment will usually get temporary benefits, but a machinist who loses a hand would get substantial and permanent benefits since the injury prevents him from performing his job again.

Please contact the Employee Professionals office near you if you would like more detailed information about Workers' Compensation insurance in your state.