Most businesses in North Carolina are required to carry workers’ compensation insurance, so make sure you have the right policy in place.

If you are a new business owner or small business owner in North Carolina, you may not realize that almost all businesses in this state are required to carry workers’ compensation insurance. While there are slim exceptions, most businesses that employ three or more people generally need it. At Legacy Insurance Partners, we can help you determine whether or not you need to have this coverage for your employees. If you do, we can then help you find the best coverage for your unique situation by using our multi-carrier rating system that allows us to compare rates and find the best value.

Workers’ compensation insurance provides benefits for your employees in the event of an injury or illness that occurs on the job. This is sometimes referred to as workers’ comp or workman’s comp insurance. Not only can this type of coverage help cover the medical expenses of your injured or sick employee, but it can also cover wages that are lost from necessary time away from the job.

If your business is required by law to have workers’ compensation insurance for your employees and you fail to provide this coverage, it can result in significant financial penalties and even in criminal charges if you are deemed to be negligent in your duties as a business owner. The best way to protect yourself, the profitability of your business, and your employees is to make sure you have the proper coverage in the proper amount.

When you visit our office in Davidson, North Carolina, we can discuss your unique business and assess your needs for workers’ compensation insurance. Call today with any questions you may have.

With workers’ compensation insurance representatives serving the communities of Asheville, Davidson, Greensboro, Hickory, North Wilkesboro, Albemarle, and Raleigh, North Carolina, our team at Legacy Insurance Partners is available to partner as your trusted business insurance advisor utilizing a consultative approach.