As an employer, the workers’ comp is something which you definitely need to know about. It can be of great benefit to you even though on the surface it may not seem like it. Here are some great reasons why incorporating this into your business should be at the forefront of your mind.
1. Even if the state you are doing business in does not make it mandatory, the business should still really have it. A orlando workers compensation attorney
states that if a worker is injured while on your property or while on the job working for you, you are responsible whether you have this type of insurance or not. If you have the insurance, they will cover any claims. However, if you have opted to skip this insurance, you may very well end up losing your entire business if the worker decides to sue you.
2. Not only will you be sued if the worker is injured but you will be on the hook to pay any lost wages and medical expenses that are incurred. This can be disastrous for the business owner, may very well put them out of business and all of this because the business owner did not want to shield themselves by acquiring workers comp insurance.
3. Do not fall into the trap of thinking that Occupational Accidental Insurance is the same coverage as workers comp insurance. It is not and is far from the useful item. It is actually quite substandard and could place the business in even greater financial risk than they were in before they got the insurance.
As you can see, it is to the benefit of the business to contact a orlando workers compensation attorney. Without one, you are setting yourself up for failure.