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Workers’ Compensation Insurance in Springdale, AR

Business owners have many responsibilities, including having the proper insurance coverage. Businesses need a wide range of insurance coverage, including workers’ compensation, to protect themselves, their assets and their employees.

What Is Workers’ Compensation Insurance?

Workers’ compensation is one element of business insurance. It can help ensure injured workers get benefits when they have experienced a work-related injury or illness. It may also help protect employers from lawsuits filed by workers due to work-related injuries or illnesses.

What Does Workers’ Compensation Insurance Cover?

Workers’ compensation typically covers injuries an employee sustains while performing tasks associated with their job. In addition to injuries from accidents, workers’ compensation insurance may also cover injuries sustained from workplace violence, terrorist attacks, natural disasters and illnesses.

When Do I Need Workers’ Compensation Insurance?

You should generally have workers’ compensation insurance in place as soon as you hire employees. Speak with a qualified insurance provider to ensure you have the proper coverage for every aspect of your business.

How Much Workers’ Compensation Insurance Do I Need?

Each state has its requirements for workers’ compensation. In Arkansas, businesses that regularly employ three or more employees generally must maintain workers’ compensation coverage. There are also exceptions to the three-or-more requirement, so employers with fewer than three employees need to check the regulations for their business before assuming it is unnecessary. Our agents or other state authorities can help with this analysis.

Failure to comply with workers’ compensation laws can result in penalties, and noncompliant businesses may lose protections afforded to them by workers’ compensation insurance and state laws. Workers’ compensation benefits for injured workers in Arkansastypically include the following:

  • Medical benefits to cover treatment of the injury
  • Wage loss benefits
  • Disability benefits
  • Death benefits for fatal work-related injuries or illnesses

Workers’ Compensation Insurance Quote in Springdale, AR

Contact Variety Insurance Agency to discuss your workers’ compensation insurance needs. We can help you find coverage that complies with state requirements and works for your business.