One of the older forms of insurance, workers compensation serves to cover employees with financial compensation, proper medical treatment, and additional benefits should they suffer workplace injuries or illness. A no-fault system, workers compensation allows employees to earn benefits without regard to who is at fault for the accident that occurred. Because of this, an employee cannot sue an employer for damages stemming from injury or illness as a result of the accident. Chrysalis Insurance Agency has workers compensation insurance available for businesses throughout Idaho, including, but not limited to, Boise, Twin Falls, Ketchum – Sun Valley, Coeur d’Alene, and Stanley.
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. As a local agency in Ketchum, we have a thorough understanding Idaho 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?
In Idaho, if you employ at least one full or part-time employee, you must have workers’ compensation insurance. There are only a few exceptions where workers are exempt. Here is a list of a few workers that may be exempt from workers compensation law in Idaho:
- casual employees – workers that work at irregular times and is not related to the company’s primary type of business
- family members of sole proprietors
- family members living in the employer’s household
- sole proprietors, working members of a partnership or LLC, or corporate officers who own at least 10% of the stock
- household domestic workers
- employees covered under Federal Workers’ Compensation laws
- pilots of agricultural spraying/dusting planes
- sales people paid solely by commission
- volunteer ski patrollers
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 Boise, Twin Falls, Ketchum – Sun Valley, Coeur d’Alene, and Stanley. For more information on workers’ compensation insurance in Idaho or to get a free quote, contact us at (714) 464-8080 or fill out the form on this page today!