As the pandemic has swept across this nation, it has had devastating effects on many industries. These hardships have placed undue financial burdens on businesses including the rising costs of Workers Compensation insurance.
While many agents and carriers are pulling away from supporting organizations like yours, we have chosen to embrace and fully support you during these difficult times.
CG Insurance Group is currently working with insurance carriers to provide the best Workers Compensation insurance rates to you.
Workers' compensation insurance provides benefits to employees who suffer work-related injuries or illnesses. Specifically, this insurance helps pay for medical care and wages from lost work time. Here are a few key points to remember:
- Accepting workers’ comp benefits means the employee waives the right to sue their employer.
- Most compensation plans offer coverage of medical fees related to injuries incurred as a direct result of employment.
- Workers’ comp is not the same as unemployment benefits or disability insurance.
- All parties (including taxpayers) benefit from avoiding the legal fees needed to process a trial.
Most compensation plans offer coverage of medical fees related to injuries incurred as a direct result of employment. For example, a construction worker could claim compensation if scaffolding fell on their head, but not if they were in a traffic accident while driving to the job site. In other situations, workers can receive the equivalent of sick pay while they are on medical leave. If a worker dies as a result of their employment, workers' compensation also makes payments to their family members or other dependents.