Workers’ Compensation Insurance

Kape Insurance Agency Inc. can help you with the Best Business Insurance Policies including Workers Compensation and all your Commercial insurance needs. Access to multiple companies and a commitment to quality service enables us to offer our clients competitive pricing, a broad choice of products and unparalleled advocacy. Please call 908-757-6666 or send us an email.

Workers Compensation coverage pays benefits to workers injured on the job, including medical care, part of lost wages and permanent disability. It also provides death benefits to dependents of employees killed from a work-related accident. Workers Compensation systems are different in every state. It is critical for employers to obtain coverage in EVERY state where you have employees or sub-contractors working on your behalf.

Employer’s Responsibilities

Employers are required to do the following to comply with workers compensation insurance laws:

  • Employers are required to provide coverage for their employees and are held liable for all injuries suffered by employees while they are on the job.
  • Pay premiums and provide the carrier with audit payroll numbers.
  • Provide a safe environment.
  • Notify the carrier as soon as possible after an injury.

Manage Your Workers Compensation Costs

Your workers compensation insurance premium is based on a rating your company has, which is based on payroll, averages for your industry and claims experienced over a three-year period. Claims have a direct impact on this experience modification factor (mod), which can significantly increase your premiums. There are many things that companies can do to lower their workers compensation costs, such as:

  • Review your insurance policy with your agent to make sure that all job classifications and payroll estimates are correct.
  • Make changes to improve workplace safety and reduce unnecessary exposure to injuries & avoid accidents. A good claims history will reduce your modification factor and overall costs.
  • Create a modified duty program at your organization to help injured employees return-to-work sooner. Under these programs, employees are assigned duties that they can physically complete while they recover. The most successful return to work programs incorporate speedy, quality medical care and assistance to reduce emotional stress after an accident.

Request a Quote

Kape Insurance offers flexible cost saving and premium payment options helping you to find the right policy for your company. Call 908-757-6666 or send us an email.

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It Might Be Time to Think About Spring Cleaning Your Insurance

Spring may be the time of year for cleaning out closets and drawers and organizing attics and cellars, but it also is a great time to clean up your insurance coverages. It is important to look at your insurance coverage at least once a year. As your life changes so do your insurance needs. Call […]

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