Workers’ Compensation Insurance is required in most states for businesses that hire employees. In Alabama you are required by law to have Worker’s Compensation Insurance if you have five or more employees, full- or part-time, including corporate officers.
Workers’ Compensation pays medical expenses and provides continuation of income for employee injuries at the workplace or occupational disease. Under Workers’ Compensation law, injured employees receive guaranteed benefits, but in exchange may not litigate against their employers for negligence, pain and suffering, civil or punitive damages. This limits your liability in the event of on-the-job injuries or work-related illness.
For many businesses, Workers’ Compensation is their largest insurance expense. Remember, as an Independent Insurance Agent, we can help you save money on all your business insurance needs. Call Allied Insurance Group today for a quote, or fill out the online quote request form to find out how we can find you the best coverage and competitive rates by shopping your policy through multiple insurance carriers.