When you have a business that employs anyone, it’s important to have the coverage of a workers’ compensation insurance policy. These policies are helpful both for you as a business owner and for the employee who works for you. No matter what the number of employees you have is, you’re safer with a workers’ comp policy. Even if this policy wasn’t so helpful, it’s also required for your business by the state. Oregon requires this coverage for any business with any employees, even if they are part-time.
Protecting Your Business
If one of your employees were to have an accident while at work that included injuries, the result could be some very expensive medical bills. The same is true when an employee comes down with a work-related illness. In either of these cases, your business would likely be liable for paying all of the bills that come as a result of the accident or illness. That’s where workers’ comp insurance comes in. It pays for the medical bills and can even pay for the disability benefits to the employee in cases of serious injuries. A small business in Portland, OR without this coverage could face serious problems if they had to pay huge medical bills.
Protecting Your Employees
Your employees also benefit from your business having this insurance. With this coverage, they will know that if an accident were to happen, they would be covered. The funds would be made available to pay for the medical bills, treatments, etc. This can give them peace of mind, especially when the business is a small one. This can take away some of their worry so that they perform better.
Choice One Insurance Inc. Is Here To Help
When your business needs a workers’ comp or other commercial policy, contact us at Choice One Insurance Inc. in Portland, OR to get started.