Workers’ Compensation Insurance

Workers’ Compensation Insurance

Keep Your Employees Protected

Legacy Insurance understands the value of good employees. We know that your day-to-day operations depend on their hard work, expertise, and dedication, and if you supply them with quality benefits and plans, they can work with the peace of mind assurance that they are properly protected.

But should an accident happen, having the right Workers’ Compensation plan from Legacy Insurance can allow your business to ensure payments and cover expenses if an employee is injured from a work-related accident. Injuries can range from car accidents and back injuries to equipment malfunctions and, in some unfortunate cases, death.

Workers Compensation can cover financial obligations such as:

  • An injured employee’s medical expenses/treatment
  • The replacement of lost wages from injury time off

If your business does not offer Workers Compensation, serious injuries that occur on the job could lead to an employee suing your company for damages. That is why it is important to discuss your options with a specialist at Legacy Insurance who can help you find the right coverage options for all your business needs.

No matter how hard you try to keep your business and workers safe, accidents happen. Securing a workers’ compensation insurance policy can help ensure that you and your employees receive proper protection in the event of a workplace injury or illness.

To learn more about workers’ compensation insurance, call Legacy Insurance Broker at 719-593-5814.

Why Do You Need Workers’ Compensation Insurance? 
Workers’ compensation coverage pays benefits to employees who are injured on the job or develop an occupational illness, including medical care and wage replacement. Workers’ compensation insurance can help your employees recover from occupational injuries or illness, enabling their return to work faster.

Workers’ comp insurance also offers benefits to you. Considered an exclusive remedy, workers’ compensation insurance can help protect your business from lawsuits that stem from occupational illnesses or injuries. As a result, employees are unable to file civil lawsuits against their employers if they sustain a workplace illness or injury.

Who Needs Workers’ Compensation Insurance? 
Almost every employer in Colorado must have workers’ compensation coverage. The agents at Legacy Insurance Broker can walk you through your Colorado workers’ compensation requirements, as well as walk you through your coverage needs.

How Much Does Workers’ Compensation Insurance Cost?  
Workers’ compensation policies and premiums will vary from business to business. The following factors will affect your business’s workers’ comp premium:

  • Annual payroll
  • Industry class code
  • Experience modification factor
  • Location

The experienced agents at Legacy Insurance Broker can review your claims history and walk you through how the coverage limits you select, plus the factors listed above, may impact your policy’s premium.

Want to Learn More? 
Workers’ compensation insurance is an essential coverage for every business to have. Call Legacy Insurance Broker today to learn more about the workers’ comp options available to you.

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