Workers Compensation Insurance; what is it and do you need it?

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Workers Compensation Insurance what is it and do
you need it?
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• Insurance is something that can seem a little
  puzzling, with longwinded policies that are often
  hard to make sense of, and if youre a new
  business owner, it can be particularly tricky to
  know what types of insurance you should have. One
  type of policy is known as workers
  compensation, but what is it exactly, and does
  your business need it?

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• What is workers compensation?
• If your employees get injured and harm themselves
  in some way while theyre at work, or even become
  sick, then this type of insurance will cover the
  medical costs of their treatment, and may also
  cover their loss of earnings if they are unable
  to work due to the nature of their injuries.

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• Workers compensation insurance works well for
  both parties giving your employees peace of
  mind, should they experience a work-related
  accident, and giving your business the protection
  from costly law suits that an employee might file
  should they feel that your business was in some
  way negligent.
• The types of businesses who will certainly need
  workers compensation insurance are restaurants,
  medical offices and construction companies, but
  there are many other professional service
  businesses who would benefit from it, such as IT,
  marketing and business consultants.

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• Do I need this type of insurance coverage for my
  business?
• As a business owner, if you employ one or more
  people that arent partners in your business and
  who do not own it, then you will almost certainly
  need workers compensation coverage. Even if you
  are self-employed and have no employees, it would
  still be a good idea to purchase it, just as many
  sole proprietors do when a contract requires them
  to.

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• Some clients may even decide not to conduct
  business with your company if they discover that
  you dont carry this insurance.
• While the state of Texas does not mandate that
  you do so, many states do, and even if it is not
  a legal requirement, it makes good business sense
  to have it, as it can offer you protection.

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• How much will workers compensation insurance
  cost me?
• The cost of this type of coverage can vary
  greatly depending on the nature of the job in
  question. For example, a construction worker is
  involved in the type of work that comes with a
  far higher risk of injury than a store assistant,
  so the premium for the store worker would be
  lower than for that of the construction worker.
  The cost of the coverage may also be based upon
  other factors like a businesss safety history,
  or whether you offer health insurance for your
  employees.

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• When searching for a workers compensation
  insurance policy for your business, you would be
  best using the services of a reputable company
  who will understand all the rules and
  requirements and review your business thoroughly
  to get you the coverage that best suits your
  business needs.

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• Apollo Payroll is one of the premier small
  business "payroll services companies in Miami"
  and Coral Gables. Apollo Payroll is dedicated to
  delivering expert advice, responsive service, and
  highly accurate payroll processing and reporting
  to ensure the success and growth of the business
  that we serve. Our services include comprehensive
  online payroll services, employee background
  check and "employee timekeeping services in
  Miami".