Accidents happen – it’s part of life. Whether the accident warrants a quick trip to the emergency room or a lengthy hospital stay, medical expenses are often involved. When the accident occurs on the job, it’s the employer who picks up the tab. Worker’s compensation insurance is not an optional policy for most businesses! Why? As a rule, a company with five or more employees is mandated to purchase workers compensation insurance to cover medical expenses, permanent disability, and a portion of the injured employee’s wages. On-the-job injury resulting in the death of an employee is also covered; a death benefit is paid to the worker’s beneficiary. Companies can’t afford not to purchase worker’s compensation insurance: under the law, a company who pays into workers compensation is protected from civil lawsuits regarding injuries on the job.
Still not convinced of the need for worker's compensation insurance? For companies who violate the mandate, the law is quite unforgiving: it’s a Class A misdemeanor not to provide coverage for workers, which results in severe monetary penalties. Repeated violations upgrade to a Class D felony. Termination of an employee who is injured while working and/or the termination of an employee who files a worker’s compensation claim are also illegal. To further comply with the law, information regarding the insurance carrier and contact persons for your worker’s compensation policy should be in a prominent place so that employees can readily access the information on short notice. Providing immediate medical help and calling both the insurance carrier and the Division of Worker's Compensation are also compulsory.
The Division of Worker's Compensation of the Department of Labor and Industrial Relations is the administrator of all things related to worker’s compensation. This agency makes certain that companies acquire the necessary coverage. It also handles false claims, disputes, and the details of accidents from the insurance companies and the company where injuries and/or accidents occurred.
A company that acquires workers compensation insurance is saving money in the long run. Insurance costs are well worth the price paid if an employee is injured while working. Policies that cover medical care and death benefits protect both employers and employees and provide the assurance needed that financial compensation is available should an accident happen in the workplace. Clinard Insurance Group is a business too, so we understand the importance of protecting your company. Fill out our “Free North Carolina Worker’s Compensation” form or contact us today to start saving!
What our Customers are Saying.
"Clinard Insurance is the best. This is our first year having workers compensation insurance and they saved our small business over $1000. We will definitely stick with Clinard. Thank you Clinard Insurance!”
Sherry Mosemark of Cabinets Plus in Jacksonville NC