As a business owner, there are few phrases you’ll hear that are more frightening than “There’s been an accident.”
For many employers, their team members become a valuable and respected part of their family. The idea of any of them being hurt and unable to work is one that every business owner hopes they will never have to face. Aside from the first, emotional response of “Is everyone all right?” there is the second, practical consideration – “How will this affect my business?” If you’ve partnered with Bernard Williams & Company for your insurance needs, you can relax, because you’ll know that you’re covered.
Worker’s compensation insurance or worker’s liability insurance is usually referred to by its nickname – worker’s comp. If you own a business with more than one employee, this coverage is an important component to your company’s insurance package, as your business is required to carry worker’s compensation insurance by law.
Even though your organization has to carry worker’s compensation insurance, not all coverage is equal. You need to ensure that you and your employees are getting the best possible protection for your investment, and this is where Bernard Williams & Company can provide a helping hand. For over 75 years, we’ve specialized in helping the businesses of the Savannah, GA area meet their insurance requirements in the most cost-efficient and comprehensive manner. Not only do we find a policy that is the right match for the needs of your business, we provide coverage that will fit your budget. A solid worker’s compensation policy not only protects your employees, it protects your business from the high out-of-pocket costs linked to an employee accident or work-related illness or condition. Benefits that are provided to workers typically include medical expenses, death benefits, wages that are lost and certain types of rehabilitation services, all items with price tags that could quickly impact your company’s bottom line. Your policy will also shield your organization from non-compliance fines imposed by our government. Let Bernard Williams & Company work with you to tailor a plan for your company that will provide these essential elements, along with such important options as:
- Protection for employees who are injured.
- Coverage for funeral expenses and financial support to dependents.
- Reimbursement percentages for lost wages.
In addition, within the employers’ liability section, or “part two” coverage, of your plan, your legal expenses would be covered if an employee makes an inappropriate claim of work-related illnesses or injuries. While this section is almost always included in workman’s compensation insurance, you can choose the amount of liability coverage in this section with the help of your knowledgeable and trained consultant at Bernard Williams & Company.
Rates for workers’ compensation insurance will depend on a number of factors. These include how many employees you have, the type of work they do, the overall risks of your industry, the actual claims record of your company and your ability as an owner to find and eliminate workplace risks. Our worker’s compensation insurance specialists are among the best in the business, and can help you save valuable dollars not only when you initially purchase your policy, but also when you come to us for a yearly review of your company’s progress! They know which questions to ask and give advice that you can use to improve your company’s safety scores. Bernard Williams & Company can also discuss with you what voluntary employer training/safety programs may exist that can help lower your premiums, or evaluate your company to determine if you could take advantage of the opportunity to become self-insured.
If you’re an entrepreneur looking to start a business, or an organization looking to make a change, look to Bernard Williams & Company for answers to your worker’s compensation insurance needs.