How this coverage protects you
Workers’ Comp insurance protects you and offers financial support to employees who are injured while on the job or who suffer from work-related illnesses.
Our ANCO agents are well versed and experienced in Workers’ Comp insurance. We can discuss with you the benefits of choosing insurance through a private insurance carrier versus self-insurance. We can also provide information about how your business could be affected if you choose not to carry Workers’ Compensation insurance. Rest assured that our goal is to provide you with all the information you need to make the most informed decisions for you and your business.
- A new employee was helping in the back of your store with inventory. He picked up a box from the floor and turned to place it on a shelf.
- He inadvertently twisted his back, and now is having spasms requiring medical care. Plus, he will be out of work for at least a week or more.
While not all businesses are required by the Texas Workers’ Compensation Act to carry Workers’ Compensation insurance, having this coverage provides key financial protections for you, including:
The most important reasons to carry Workers’ Comp insurance are to take care of your employees if they are injured and to limit the amount of damages your business could suffer if you are sued.
Other vital workers' comp coverages include:
Workers’ Comp insurance pays partial lost wages if an employee misses more than seven work days due to his or her illness or injury.
As long as an employee’s illness or injury meets state definitions, your Workers’ Comp coverage will pay for related medical treatment.