Workers’ Compensation Insurance in Garland, TX
Amidst the many responsibilities business owners shoulder, ensuring the right insurance coverage is paramount. Businesses require a diverse array of insurance policies, encompassing crucial aspects such as workers’ compensation, to safeguard their interests and assets and the well-being of their employees.
In many states, businesses are required to carry workers’ compensation insurance. Allsafe Insurance of Garland, TX, is here to help you understand your workers’ comp insurance obligations in Texas and find a policy that suits your needs.
What Is Workers’ Compensation Insurance?
Workers’ compensation is one element of business insurance. It can help ensure injured workers get benefits when they have experienced a work-related injury or illness. It may also help protect employers from lawsuits filed by workers due to work-related injuries or illnesses.
Workers’ compensation offers a range of benefits to employees who suffer from injuries or illnesses related to their work, which include:
- Medical benefits—Employees are eligible for compensation to cover medical expenses, such as doctor appointments, hospital visits and necessary medications.
- Wage-loss benefits—If an employee cannot resume work at full capacity due to their condition, wage-loss benefits come into play, providing supplementary income during their recovery period.
- Vocational rehabilitation benefits—Workers can access vocational rehabilitation services to acquire new skills and facilitate their reintegration into the workforce after an injury.
- Death/dependent benefits—In the unfortunate event of an employee losing their life due to a work-related injury or illness, workers’ compensation can cover funeral costs and provide financial support for the deceased employee’s spouse or dependents.
Does Texas Require Workers’ Compensation Insurance?
In many cases, employers in Texas are not required to purchase workers’ compensation insurance. Please note, that state laws are subject to change. Work with Allsafe Insurance to learn more about whether your Texas business is legally required to carry workers’ compensation insurance.
Although you may not be mandated by Texas state law to carry workers’ compensation insurance, depending on your employer classification, carrying this type of insurance brings many employer benefits.
Workers’ Compensation Insurance Quote
Contact Allsafe Insurance to discuss your workers’ compensation insurance needs. We can help you find coverage that complies with applicable state requirements and works for your business.