Your employees depend on you for more than a paycheck. It’s important to have good workers comp coverage in case they are injured on the job. Here are three reasons to make sure your policy is kept current.
- Cover Medical Expenses
Medical bills are notoriously costly. If a worker is injured on the job, you are responsible for making sure he or she gets the necessary medical care. Without a worker’s comp policy in place, you are likely to be sued for the expense.
- Maintain Good Reputation
Workers can refer to the Florida worker’s compensation database to see what kind of coverage a company has before they take a job. Having adequate coverage can help you attract good employees. It gives you a reputation as someone who takes care of the people who take care of your business.
- Improve Return Rate
Worker’s comp policies are a smart investment. When workers are able to get the treatment they need in a timely manner, they return to work more quickly. The better system you have in place to help workers return to work as quickly as possible after an injury, the more money you are likely to save over time.
The worker’s comp is designed to protect workers. It has benefits for you as the owner as well.