Frequently Asked Questions

What is Workers Compensation Coverage?

Workers Compensation coverage is usually required by law. It provides protection to employees for on the job injuries. By maintaining this coverage, employers are usually relieved of any liability for such injuries.

The premium for this coverage is based on the office's total payroll. The laws often allow employers of small business to exclude the owners from coverage. Thus, you can reduce your premium, by excluding coverage for yourself. However, before excluding yourself, assure that your health insurance policy does not exclude job related injuries and illnesses. Also, you may wish to consider maintaining this coverage for yourself if you are exposed to significant hazards in your practice.

As with any overview, this insurance information is general and intended to help you make informed decisions. The actual policies available in your state may contain features not discussed above. An insurance policy is a contract between you and an insurance company. You should read and understand any policy that you purchase. If you have any questions, have the company or insurance broker or agent take as much time as you need to explain policy terms to your satisfaction.

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