In the event of an accident, workers’ compensation insures your firm for the medical costs associated with proper treatment of employees’ injuries, as well as up to two-thirds of their weekly salary. In monopolistic states, it provides coverage for employer’s liability and stop gap coverage. Federal coverage as required by the Jones Act and USL&H can be provided upon request.
For employees traveling or on temporary out-of-state work assignment, ‘all states’ coverage policy amendments are recommended as well.
Note: Safety and loss control programs should be developed and maintained since all losses on your workers’ compensation policy will affect your experience modification.