As a small business owner, you probably pride yourself on being agile and able to respond quickly to market and customer needs at a moment’s notice. You have low overhead and not a lot of employees. You know your business inside and out and can plan for future downturns, market upheavals, and slow sales periods.
But no matter how much knowledge you have or planning you complete, there is one thing that you can’t predict with pinpoint accuracy: Workplace injuries and accidents. According to a 2016 survey of more than 1000 small business owners, released by Insureon, 11% of them reported a workplace injury at their business, resulting in a need to cover medical bills and missed wages for that injured employee.
While prevention is the best way to reduce the risk of workplace injury, it is impossible to prevent 100% of them, and resolving these claims without insurance can be expensive. So prepare yourself for these potential issues purchasing a good worker’s compensation insurance plan to help mitigate the cost to you and your business. The cost of premiums and deductibles are a small price to pay if you end up having to pay for a workplace injury incident. Instead of you dealing with the workers compensation attorney directly, let the insurance company work with them, creating peace of mind that both your insured worker is provided for and your business is protected.
I hope this information helps you think about workers compensation insurance options to protect your business as well as take care of your injured employees.
Need a Suffolk County Workers Compensation Disability Attorney?
If you find yourself entangled in a work injury-related matter and need a workmans compensation attorney in the Long Island, Queens, Nassau, or the Suffolk County area, contact Robert Golan at (516) 586-3910 or go to his website at http://workerscompensation-law.com/.share