Workers’ Compensation Insurance in Phoenix , AZ

Workers’ compensation is a crucial safety net for employees, offering financial and medical support when they suffer work-related injuries or illnesses. For employers, understanding the intricacies of workers’ compensation insurance is essential to ensure compliance with state regulations and to foster a safe working environment. 

What Does Workers’ Compensation Insurance Cover?

Workers’ compensation coverage can offer a range of benefits to employees who are injured or become ill due to their job responsibilities. The following are the main areas it can cover:

• Medical expenses—This can include costs for doctor visits, hospital stays, surgeries, medications and any necessary medical treatments.
• Lost wages—If an employee is unable to work due to their injury or illness, a workers’ compensation policy can provide payments to cover a portion of their lost income.
• Disability benefits—These benefits are for employees who suffer a temporary or permanent disability due to a work-related incident.
• Rehabilitation—This includes physical therapy and vocational rehabilitation to help employees recover and return to work.
• Death benefits—In the unfortunate event of a work-related death, workers’ compensation can offer financial support to the employee’s dependents, including covering funeral expenses.

How Much Does a Workers’ Compensation Policy Cost?

The following factors, among others, can influence the cost of workers’ compensation coverage:

• Industry and job risk levels—Industries with higher risks, such as construction or manufacturing, generally face elevated premiums because of the greater probability of workplace injuries.
• Payroll size—The total payroll of a business affects the cost.
• Claims history—Businesses with a history of frequent or severe claims may face higher premiums.
• State regulations—Workers’ compensation laws and rates vary by state, impacting the overall cost.
• Safety programs—Implementing effective safety programs and training can reduce the number of claims, potentially lowering premiums over time.

How to Get Workers’ Compensation Insurance

Contact Always Insured to discuss workers’ compensation coverage for your business. We help businesses around Phoenix, Laveen, Glendale, Peoria and Tolleson find insurance solutions.