In Waterloo, Iowa, businesses encounter various risks related to employee safety. Accidents can occur any time, often leading to significant financial and legal consequences. This is where workers’ compensation insurance is essential. It can financially protect employees by covering medical expenses and lost wages due to work-related injuries or illnesses while shielding employers from monetary consequences of potential lawsuits.

At Elliott-Harman, we are committed to providing you with the quality service you deserve. We can offer insurance coverage tailored to your needs.

What Does Workers’ Compensation Insurance Cover?

Workers’ compensation insurance can cover a range of benefits for employees, including the following:

• Medical expenses—This can include health care costs, such as hospital stays, surgeries, doctor visits, medications, and rehabilitation services.
• Lost wages—This may provide partial wage replacement if an employee cannot work due to a work-related injury or illness.
• Permanent disability—This can provide compensation if an injury results in a permanent disability.
• Death benefits—This can provide benefits to the spouse and dependents of the deceased worker in the unfortunate event of a work-related death.

Do You Need Workers’ Compensation Insurance?

Employers are generally required to have workers’ compensation insurance to ensure the aforementioned financial protections are available to their employees. Additionally, most policies include employers’ liability coverage, which can assist with legal expenses if an affected employee decides to sue your business and may prove to be an essential loss control measure. The cost of this insurance varies based on several factors, including the type of business, the number of employees and the risk associated with the job.

How to Get Workers’ Compensation Insurance

To obtain this insurance, you need to contact licensed insurance providers. They will evaluate your business needs, provide quotes and help you choose the best coverage plan. You can also compare rates and policies online to ensure you get the best deal.

Why Choose Elliott-Hartman?

Elliott-Hartman is a trusted provider of insurance solutions in Waterloo, Iowa. With our expertise and commitment to customer satisfaction, we can offer customized insurance plans tailored to your business’s unique needs. Protect your most valuable assets—your employees. Contact us today or request a free quote.