State law requires that employers provide Workers Compensation insurance for their employees because accidents happen. When they do, your Workers Compensation policy will:
- Pay the medical bills of an injured employee
- Compensate for a portion of lost income because of an employee’s inability to return to work
- Protect your company from lawsuits filed by employees injured on business property.
Business legal structure affects how owners, officers and partners are treated:
Workers compensation experience directly affects your future insurance costs.
- See our blog on breaking down the experience modification factor calculation.
- Or contact us for a customized projection of your experience modification factor BEFORE your next renewal.
- work with our professionals to develop risk programs in front of your insurance program to lower your overall cost of risk
Gordon Atlantic offers “Pay-As-You-Go” workers compensation solutions which tie payments to payroll expenses as made, rather than the making estimates of future payroll and insurance costs, and reconciling at audit.