No matter what type of company you have, if you have employees, you need worker’s compensation insurance, also known as worker’s comp. Operating a business without it could potentially lead to its failure after a workplace accident. To ensure you have the worker’s comp coverage you need for all your employees, contact us today at Cary-Wheeler & Associates Inc. in Richmond, VA.
Workplace Accidents Can Happen Anywhere
Some business owners believe they don’t need worker’s comp insurance because their business isn’t inherently dangerous. Countless office jobs aren’t inherently dangerous, but that doesn’t mean accidents won’t happen. It’s also possible for employees to get sick because of the work they do. It’s possible for anyone to fall at any time, even if there isn’t an apparent reason to do so. This can end up costing your business a lot when it comes to things like lost wages, medical bills, continuing therapies, and legal bills. Make sure you always have this insurance just in case.
Worker’s Comp Insurance: A Legal Requirement
For most businesses, this type of insurance is required. If you have more than two employees, even if they’re part-time, you are required by the state of Virginia to have worker’s comp coverage. However, even if you have fewer, it’s always a good idea to have this type of insurance to protect your business. A serious accident can end up costing many thousands to treat, and you need to make sure that those funds are available in case this happens. It also protects your employees by ensuring that there will be funds if an accident does happen.
Secure Your Worker’s Comp Insurance
To ensure that you comply with the law and protect your business, contact us at Cary-Wheeler & Associates Inc. in Richmond, VA.