Workers Compensation in Phoenix, AZ and the surrounding metro area
Workers Compensation Insurance Quote Forms
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Workers Compensation Insurance Information
Keep Your Employees Protected.
Accidents are inevitable in the workplace, but with the proper precautions in place, your business will be able to mitigate many risks. One way to minimize your risk is to have workers’ compensation insurance. This policy coverage can help your employees recover from work-related illness or injury as well as help you if there’s a related claim filed against your business.
Ask a Horizon Insurance Agency agent for assistance to get started with your coverage.
What Does Workers’ Compensation Insurance Cover?
There are typically four types of benefits offered through workers’ compensation insurance.
Medical Benefits
If an employee sustains a work-related illness or injury, workers’ compensation insurance may help pay for medical treatment. Workers’ compensation insurance may help cover the following costs:
Always check with your provider to see what’s covered under your policy. Policy coverage may vary.
Wage-Loss Benefits
When an employee is unable to work due to work-related injury or illness, workers’ compensation insurance typically provides the following wage-loss benefits:
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Temporary total disability—The injured employee is unable to work for a certain amount of time but will return to work. States have different rules on waiting periods for when benefits start.
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Temporary partial disability—The employee can work at a reduced capacity due to physical limitations without needing time off.
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Permanent total disability—The employee is unable to work and unable to return to their previous role.
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Permanent partial disability—The employee can return to work, but they cannot work at the same capacity as before the injury.
Individual states have unique wage-loss limits. Workers’ compensation insurance wage-loss benefits can help the employee supplement lost income until they’re able to return to work in full capacity or until the employee hits the wage-loss benefit limit.
Vocational Rehabilitation Benefits
Workers’ compensation may provide an employee with vocational rehabilitation benefits to help them return to a job compatible with their physician-issued work restrictions. Vocational therapy can help employees learn new skills and return to work in a new position if they cannot perform their previous role after being injured.
Death/Dependent Benefits
An employee could lose their life due to work-related injury or illness. Workers’ compensation benefits may help cover funeral expenses and lost income up to a specific limit. In most cases, these benefits go to the spouse or dependents of the deceased.
How Much Does Workers’ Compensation Insurance Cost?
The cost of workers’ compensation policies varies based on your business and the type of work performed. The following factors can also impact the price of your workers’ compensation policy:
Your insurance agent at Horizon Insurance Agency can review your business’ claims history and how selected coverage limits can impact the price of your workers’ compensation policy.
Contact Us Today
At Horizon Insurance Agency, we’re ready to help you navigate workers’ compensation for your business. Contact one of our agents today to get started.
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