State law requires that employers provide Workers Compensation insurance for their employees because accidents happen. When they do, your Workers Compensation policy will:
Pay the medical bills of an injured employee
Compensate for a portion of lost income because of an employee's inability to return to work
Protect your company from lawsuits filed by employees injured on business property.
Business legal structure affects how owners, officers and partners are treated:
Workers compensation experience directly affects your future insurance costs.
- See our blog on breaking down the experience modification factor calculation.
- Or contact us for a customized projection of your experience modification factor BEFORE your next renewal.
- work with our professionals to develop risk programs in front of your insurance program to lower your overall cost of risk
Gordon Atlantic offers "Pay-As-You-Go" workers compensation solutions which tie payments to payroll expenses as made, rather than the making estimates of future payroll and insurance costs, and reconciling at audit.
At the end of the policy year, the insurance company will audit to ensure accurate payroll (the basis for determining the premium). Here's more about the audit here, or view the video below :
For a confidential discussion or cost estimate you can call the Gordon Atlantic Insurance professionals toll free at 1-800-649-3252. Prefer to type versus talk? Use the form at the right!