Workers' Compensation Insurance for Small Businesses

Workers’ compensation insurance is usually required in most states and is required in New Jersey. Also known as “workman’s comp,” it represents a compromise between employers and employees regarding employment related injuries or illnesses. Here’s how a workers’ compensation policy works:

Your employees relinquish their right to sue you if they suffer an on-the-job injury or illness. In return, you, the employer, agree to provide state-mandated benefits as a result of that on-the-job injury or illness.

To ensure employees have the money to pay these state-mandated benefits, most states require that employers demonstrate that they have the financial ability to pay any claims that may arise. Typically this financial ability is demonstrated through the purchase of workers’ compensation insurance. Laws regarding workers’ compensation insurance vary by state.

Secure Your Workforce

What Covers Our Workers’ Compensation Insurance

InsureYourCompany recognize the significance of protecting your company and your most precious investment—your workers. Recognized as the best workers’ comp insurance for small business, Our Workers’ Compensation Insurance offers thorough coverage to protect both your business and employees in case of workplace injury or illness. Perfectly tailored for independent contractors, specializing in providing high-quality workers’ compensation, our policy includes all essential components to protect your business and care for your employees’ well-being and financial security. Here’s what our policy covers.

1. Medical Expenses
2. Rehabilitation Costs
3. Lost Wages Compensation
4. Disability Benefits
5. Death Benefits
6. Legal Liability Coverage

We guarantee to provide a safety net that allows your business to thrive without the ongoing threat of workplace accidents leading to interruptions. Believe on InsureYourCompany to act as your align in creating a secure and nurturing workspace for your employees.

We Provide Two Types of Workers’ Compensation Insurance

At InsureYourCompany, our Worker’s Compensation Insurance includes two coverage options to meet the specific needs of your small business.

Workers’ Compensation Coverage

This type of insurance provides benefits for injured workers as required by state law regardless of who is at fault for the job-related injury or illness. In other words, whatever benefits your state requires, your workers’ compensation policy would provide.

Employers Liability Coverage

This additional coverage protects employers if they are sued for damages arising from employment-related accidents or diseases. However, to collect
benefits provided by employers liability coverage, the employee, as well as anyone else not covered by workers’ compensation laws (i.e., spouses and
dependents), would have to prove that the employer was legally responsible for the employee’s injury or disease.

InsureYourCompany offers all types of NJ business insurance through a variety of insurance carriers. Protect the other important assets in your
company with group health insurance, general liability insurance, professional liability insurance, employee benefits, umbrella insurance, 401k
retirement plans, and more. We also specialize in technology insurance for IT professionals.