South Carolina's oldest insurance agency
Workers Compensation...
What is Worker Compensation?
Workers’ comp provides benefits to your employees for work-related injuries or illnesses. This includes reasonable expenses for necessary medical care, wages from lost work time, disability benefits and survivor or death benefits.
Why you need it?
When one of your employees gets hurt on the job or has a work-related illness, only workers’ comp will cover them. Health insurance won’t even consider the expenses, like your employee's pay or medical deductibles.
Who does it cover?
The laws vary by state, but full-time and part-time employees are covered by workers’ comp and in some states business owners, partners and officers may be covered too.
How much does it costs?
It depends on the business you’re in, your workers’ comp track record and how that compares to other companies in the same business. And finally, it depends on how much you pay your people.
How about claims?
The best thing you can do for your employees – and for you – is to immediately report all on-the-job injuries or work-related illnesses. This will help them get the care they need and protect you in case their small cut with a few stitches turns into something much bigger down the road.
What is an audit and why?
The purpose of an audit is to make sure you’re paying the right premium so that you don’t pay too much or too little. The result may even be a refund.
Please call your agent at C. T. Lowndes & Company today for more info and a free quote!!
