We assist all types of businesses in obtaining workers’ compensation insurance.
There are several types of insurance that you will either be required by law to have or would be at extreme risk to forego even if it weren’t required. Workers’ compensation insurance for your business in Hickory, North Carolina is one of them. The penalties for not having this coverage are quite severe and can include high financial costs and legal trouble.
At Legacy Insurance Partners, we assist all types of businesses in obtaining workers’ compensation insurance. Even sole proprietors and small businesses that aren’t required to have workers’ compensation insurance should ask us about coverage. As trusted advisors, we care about what is best for your company and will provide whatever support you need to understand and obtain workers’ compensation insurance that minimizes financial risks and meets regulations in accordance with the North Carolina Workers’ Compensation Act.
The rates for workers’ compensation insurance are relative to the job duties of each person in your employ. The key is to properly classify each employee based on the appropriate risk associated with the tasks that they perform. We are happy to explain how the NCRB (North Carolina Rate Bureau) class codes work in North Carolina.
You can count on us to guide you through the workers’ compensation insurance process and gain understanding of how premiums are established and how the claims process works. We continue to support you throughout the year as you need to make changes or for claims management. Contact us today to learn more or get started with coverage for your business.
FAQs About Workers’ Compensation Insurance
Workers’ compensation insurance is one of the most important types of coverage that every business needs. If you have questions about it, we at Legacy Insurance Partners encourage you to keep reading to find the answers you are looking for.
What does workers’ compensation insurance cover?
Workers’ compensation insurance is designed to cover the costs that arise when an employee becomes injured on the job, including their medical bills, as well as their lost wages for the time they have to take off work to recover. It also covers more severe cases, such as an employee becoming permanently disabled due to their injury or even dying as a result of a workplace accident—in these scenarios, a good workers’ compensation policy will cover the employee’s lost wages on an ongoing basis and provide a payout to the employee’s family.
Who needs workers’ compensation insurance?
The majority of businesses are required by law to carry this type of coverage, and even the ones that are not—such as sole proprietorships and very small businesses—should consider carrying it anyway to take care of their workers if the worst should happen and avoid having to pay costly medical bills out of pocket.
Why should I turn to you for my workers’ compensation insurance needs?
Our team strives to set itself apart from other insurance companies by taking the time to truly get to know our clients and their needs. Rather than just giving you the cheapest policy and then never following up, we will make sure to reach out to you regularly and build a long-term, trusting relationship.
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.