Workers’ Compensation Insurance in Chicago, IL
Workers’ compensation is one essential component of a business insurance policy. Workers’ compensation helps ensure that injured workers get benefits when they have experienced a work-related injury or illness. It also may provide employers coverage for lawsuits filed by workers who suffered work-related injuries or illnesses.
How Much Workers’ Compensation Do I Need?
Workers’ compensation typically covers injuries that an employee sustains while performing tasks in the course and scope of their job. Each state has its requirements for workers’ compensation. In Illinois, businesses with one or more employees must maintain workers’ compensation coverage. Workers’ compensation insurance in Illinois may help with the following:
- Legal fees
- Missed wages
- Ongoing medical care
- Funeral costs
- Disability benefits
If an employer fails to provide workers’ compensation insurance, they could be liable for any loss related to employees’ work-related injuries or illnesses and may be subject to costly fines.
How Much Is Workers’ Compensation for a Small Business?
The cost of workers’ compensation varies from business to business based on several factors, including:
- Number of employees
- Industry and job risk
- Coverage limits
- Claims history
When Do I Need Workers’ Compensation Insurance?
You should generally get workers’ compensation insurance as soon as you’ve hired an employee. Speaking with a qualified insurance provider is essential to ensure you have the proper coverage for every stage of business.
How to Get Workers’ Compensation Insurance in Chicago
Contact Salvador Insurance Agency today to discuss your workers’ compensation needs and ensure you and your employees are protected. We can help ensure that you have a robust business insurance policy to cover every corner of your business.