Workers Compensation

Businesses need a variety of insurance policies to help them operate while minimizing risks and protecting their assets--including their employees. One of these policies is workers’ compensation insurance.  

What Is Workers’ Compensation? 
Workers’ compensation insurance provides medical and wage benefits to employees who are injured or become ill at work. Workers’ compensation may help cover the following: 

• Medical treatment
• Lost wages
• Disability benefits
• Funeral costs 

Who Is Required to Carry Workers’ Compensation Insurance? 
Specific workers’ compensation requirements vary from state to state. Businesses that fail to meet a state’s workers’ compensation requirements can face severe and expensive consequences, such as paying claims out of pocket, paying fines, serving jail time and losing the ability to operate a business in that state.   

How Is the Cost of Workers’ Compensation Insurance Determined? 
There is no standard price for workers’ compensation policies, but various factors determine how much it will cost. Such factors include: 

• Industry of the business
• Payroll/number of employees
• Employee job classification 
• Claims history of the business 

Workers’ Compensation Quote for Kansas City, MO 
If you need more information about workers’ compensation or you want to request a quote, contact Auto Insurance Discounters. We have locations in Independence, Missouri; Kansas City, Missouri; and Kansas City, Kansas. Our experts will make sure you have the coverage you need. 

 

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