Workers’ compensation insurance is an important type of policy that can help both your employees and your business. It’s a smart move to have this insurance in place, as it may come in handy after an employee accident. If you need workers’ comp coverage, call us at North Coast insurance Services in Lexington, MI to find out more.
Requirements for Michigan Businesses
In Michigan, many businesses are required to have this insurance for their employees. Each state has its own number of employees that require businesses to get workers’ compensation insurance. In Michigan, it’s required for a business that has three employees or more, with at least one of them working more than 35 hours a week for at least 13 weeks. The other two employees can be part-time or full-time.
How Businesses Benefit
Having to keep another type of insurance may seem like a hassle at first, but it is incredibly valuable for employers. Accidents at work can and do happen, and they can be expensive to pay for later. A business that has one of these policies has protection against lawsuits that employees can file against them for accidents. And because it pays for the medical bills and certain other costs, it saves your company from having to pay today’s high prices for medical bills.
Workers’ comp isn’t just helpful to the employer- it also benefits an employee who has an accident. In Michigan, employees in this instance have the right to get medical care after an accident and to choose their own doctor. They also are entitled to lost wages and getting vocational rehabilitation when needed. They also have a right to benefits from the Family Medical Leave Act.
Get Workers’ Compensation Coverage
If your company needs workers’ comp insurance, give us a call now at North Coast insurance Services in Lexington, MI.