One of the most important benefits you will ever provide to your employees is workers compensation coverage. Choosing the right policy for your employees begins with choosing the right provider. Follow these three tips to make the best choice.
One Size Doesn’t Fit All
If an insurance agency suggests that its workers compensation policy can cover any business, regardless of size, step away and consider speaking with another company. Experience carriers will want to know everything it can about your business: the industry you cater to, how many people you employ, what your budget can manage, and federal and state regulations to which you must comply.
Like the employees who work for them, businesses come in all shapes, sizes, schedules and business hours. A good agency will ensure they have agents available when you and your employees need them. That includes employees who travel for business, across the country or around the globe.
A Broad Network
Finally, review the insurance agency’s network of medical professionals. The network should be extensive and service the most likely workers compensation claims your employees might file.
Following these three tips will help you select the best insurance agency for your employees. It will also help you secure the right workers compensation plan for them.