Whether you’re a large, medium, or small-size company, one of the necessary costs of doing business is safeguarding your employees against injury while they’re on the job. Almost every state requires companies that have employees to have workers’ compensation insurance or workers’ comp.
Workers’ compensation provides coverage to employees who are injured or become ill on the job. It pays for medical expenses as a result of a work-related injury. Likewise, the insurance helps employees with lost wages while being disabled from an injury that occurred at work.
Previously in Pennsylvania, coverage was only available to employees of business, however now workers’ comp insurance is available to sole proprietors and members of LLCs. This is important, as many general contractors are held responsible for their subcontractors who do not carry coverage.
Therefore, many general contractors won’t hire a sub-contractor unless they have evidence of workers’ comp coverage. King-Berk Insurance Associates has markets for those individuals so they can get more jobs.