Workers Compensation Insurance
As much as a Workers’ Compensation policy benefits your employees, benefits you more
As a food service business owner, you know better than most that accidents happen quickly and when you least expect it. From hazards in the kitchen and behind the scenes to injuries and oversights on the floor, every aspect of food service is riddled with opportunities for someone to get hurt. With car accidents being so commonplace, the risk of injury is even greater if your business offers delivery or has employees traveling for work.
Workers’ Compensation Insurance Protects Your Employees
Your employees do their best to hustle when they need to without sacrificing the quality and experience for your guests. In all that fast-paced commotion, it’s easy to trip and fall, slip, sprain or pull a muscle or accidentally slice yourself with a razor-sharp knife, the list goes on. Even well-trained and conscientious employees working in the safest areas of your establishment can have accidents.
Unfortunately, regardless of how much prevention you have in place, you can’t guarantee no one will ever get hurt. Luckily, for those times when one of your staff is injured on the job, a comprehensive Workers’ Comp policy will step in and support their recovery so you can worry about running your business while they work on healing.
Workers’ Compensation Insurance is a must-have layer of business protection that gives you the ability to protect your employees and provide for them in the event of an accident or injury on the job and help you manage the cost of doing so.
Instead of having to pay employee medical costs out-of-pocket, your Workers’ Compensation plan will help cover the medical expenses related to their on-the-job injury and replace any wages lost as a result. What’s more, in the event an injured employee sues you, your plan will also help cover the cost of fighting a lawsuit and issuing a settlement.
Almost every state requires Workers’ Compensation Insurance for businesses with one or more employee. However, the amount of coverage required varies by state. To find out how much coverage you need and what it may cost, contact us today.
Workers’ Compensation Insurance Protects Your Food Service Business
As much as a Workers’ Compensation policy benefits your employees, it benefits you more. With adequate coverage in place, you’ll always know you have financial support in the event an employee hurts themselves on the job and files an injury claim, needs medical assistance or suffers lost wages as they recover.
Even a simple injury can require extensive doctor and hospital visits before it’s fully healed and regardless of how credible a lawsuit may be, they’re expensive to fight. It’s just not worth risking the security of your businesses and livelihood when Workers’ Compensation Insurance offers a simple solution.
Protect your restaurant, bar, or catering company with a Workers’ Compensation policy today. Contact us for a customized quote.
Important Details about Workers’ Compensation for Food Service Businesses
There are a few key aspects to Workers’ Compensation Insurance plans that you need to keep in mind as you shop for a policy.
You May Be Required to Purchase a Certain Amount of Workers’ Comp Coverage
Most states require that all businesses with employees purchase Workers’ Compensation Insurance. The amount of coverage you need depends on where your business is located. Before you commit to a specific policy, make sure it meets all the requirements of your state.
You May Need Coverage Even if Your Employees are Only Part Time or Contracted
Some states require that you purchase Workers’ Comp coverage for part-time and contracted employees as well. So, even if you don’t have a single full-time employee, you may still need a policy. When it comes to your business, it’s always better to be safe than sorry. Contact your trusted Aaron Farmer Insurance representative to find out if you are required by law to purchase coverage based on your employee agreements.
Some Workers’ Compensation Policies Let You Exclude Yourself from Coverage
Depending on which state you’re in, you may be able to exclude yourself from your Workers’ Comp coverage. While opting out may offer worthwhile savings, it also comes with drawbacks and risks. Especially when you consider that you are a key “employee” within your business and if you’re injured on the job it could be a massive blow to your operations (and your bottom line).
To determine whether or not your state allows opt-outs and if excluding yourself offers greater benefits than risks, contact us.