Workers’ compensation is one of the oldest forms of insurance and is designed to provide employees with prompt medical treatment, financial compensation, and other benefits should they suffer a workplace injury or illness. The workers’ compensation system is a no-fault system. This means that an employee will be able to receive benefits regardless of who is at fault when an accident occurs. In return, employees are unable to sue their employer for damages related to any injury or illness resulting from an accident. Chrysalis Insurance Agency offers worker’s compensation insurance to the many Texas businesses located throughout Dallas, Ft. Worth, El Paso, Houston, San Antonio, and Austin.
What is Workers Compensation Insurance?
Workers’ compensation insurance generally covers:
- Medical care related to any work-related injury or illness
- Lost income
- Vocational rehabilitation
- Death benefits
- Permanent injury compensation
Workers’ compensation insurance is regulated on a state level, therefore coverage, requirements, and premiums will vary from one state to the next. We have a thorough understanding of Texas workers’ compensation requirements. The experienced agents at Chrysalis Insurance Agency will work closely with you to fully understand your business and your individual needs to determine the best workers’ compensation solution.
Why Do I Need Workers Compensation Insurance?
Not all private employers in Texas are required to have workers compensation insurance, however, it is highly recommended even for those whom it is not required, as it mitigates much financial risk. Additional, private employers who work on public projects must have workers compensation insurance to cover the employees working on that project. Additionally, some contractors require their subcontractors and independent contractors to have workers compensation insurance. Employers cannot charge employees for workers comp insurance, although some exceptions exist for independent contractors and certain building/construction workers.
Texas law does not consider alternative policies purchased from unlicensed insurance companies as sufficient workers compensation insurance. Chrysalis Insurance Agency is a licensed insurance company that is able to offer workers compensation insurance that meets Texas requirements.
It is important that you take the time to thoroughly understand your workers’ compensation policy as well as your obligations as an employer. Workplace related incidents can have a significant impact your employee’s lives. At Chrysalis Insurance Agency, not only will we be able to provide you with a workers’ compensation insurance policy at a great price, but we’ll help you fully understand your policy and any obligations you may have.
It can take time to fully evaluate your business and loss history before providing a quote for any type of insurance. While we work as fast as possible to provide you with a quote, it is important to review your workers’ compensation plan a few months before the expiration of your current policy. This will give you adequate time to fully review existing coverage as well as determine your future needs.
Get a Free Workers Compensation Insurance Quote
Chrysalis Insurance Agency offers workers’ compensation and other essential insurance solutions to businesses throughout Dallas, Ft. Worth, El Paso, Houston, San Antonio, and Austin. For more information on workers’ compensation insurance in Texas or to get a free quote, contact us at (714) 464-8080 or fill out the form on this page today!