Even if you’re a very small business with just one or two employees, you are still required by Pennsylvania state law to maintain workers compensation insurance in PA. This coverage will typically cover lost wages, medical benefits, rehabilitation, and reimbursement of related medical expenses to any employee who happens to be hurt while on the job. It also will provide benefits in the unfortunate event of a work-related employee death.
With so many different aspects of workers compensation insurance in PA to take into consideration, it is vitally important to your business that you select an insurance provider who is well versed in handling workers compensation policies and claims. Not all policies are created equal, and you need one that is tailored to your requirements. Some agencies offer safety programs, risk management services, and claims analysis in addition to insurance. With these extra services, you can help anticipate and prepare for high-dollar claims that could have an impact on your bottom line.
Workers compensation isn’t just about protecting your company financially, though. While it’s true that a workers comp policy may help you avoid work-related injury lawsuits in the future, it also protects your employees when they get hurt. By ensuring they receive timely and appropriate medical treatment at the time of injury, you are contributing to their overall health and well-being. This isn’t just a compassionate thing to do—it’s good business, too.