Workers’ compensation insurance is a vital component of any business that employs workers. In Michigan, businesses are legally required to have this insurance if they employ a full-time worker for at least 13 weeks or three part-time employees. Even if your business has only one part-time employee, it’s highly recommended to have workers’ compensation insurance in place. If you don’t have this coverage yet, now is the time to secure a policy. To get started, contact us at North Coast Insurance Services in Lexington, MI.

How Workers’ Compensation Protects Your Business

Workers’ compensation insurance provides powerful protection for your business. Workplace accidents can happen anywhere, even in environments that aren’t inherently dangerous. Injuries resulting from incidents such as slips and falls can be costly. Having workers’ compensation coverage ensures that the financial burden of workplace injuries doesn’t fall directly on your business. Instead, the policy covers the costs, safeguarding your company’s finances.

How Workers’ Compensation Protects Your Employees

Without workers’ compensation insurance, your business may struggle to cover the expenses associated with workplace accidents. This not only impacts your business but also leaves injured employees uncertain about whether their costs will be covered. Workers’ compensation can cover expenses such as medical bills, legal fees, ongoing therapies, and lost wages during the recovery period. Without this protection, your employees are left vulnerable, which can harm morale and trust within your organization.

Get Workers’ Compensation Insurance Today

If your business doesn’t yet have the workers’ compensation policy it needs, don’t delay. This coverage is essential for protecting both your employees and your business. If you’re ready to secure workers’ compensation insurance, we’re here to help. Contact us at North Coast Insurance Services in Lexington, MI to get started today.