As an employer, a lot of responsibilities fall on you. You are in charge of the money that comes in and also goes out. You are the point person for vital decisions and investments. You have to ensure that your place of business is properly functioning. You have to tend to the maintenance of your buildings. You have to make sure service is performed in a timely fashion to continue to gain and retain business. But one of the most important things that you need to be sure to focus on and keep at the top of your list is valuing the safety of your employees. Your business would not be what it is without the people who work for you, keeping the business thriving.
One of the best ways to take care of employees is by offering them insurance coverage and making sure they are well taken care of. This coverage can even go beyond just their care. It could be beneficial to their families who would be affected by an injury. It is also critical to more risky careers, protecting the employee and the client as well.
WHAT THREE TYPES OF INSURANCE COVERAGE DO YOUR EMPLOYEES NEED?
Your company should have general liability coverage. This will cover you and your staff for any property damage or injuries sustained. While work is intended to go smoothly and without issues, even the most cautious of companies can have issues and damages. This will save you the stress of being liable for something opposed to being covered. It’s your overall protection in insurance, which is encouraged and needed for all operational companies.
There is also worker’s compensation, which is used for on-the-job injuries or accidents. Safety is key to a workplace environment. But there is no guarantee that nothing will happen. Worker’s compensation provides security knowing that you are covering your employees when they need it the most. This will help them feel reassured as well as comforted in knowing they are protected.
Contractor’s bonds are critical to have for partnering projects, which is commonly the case for such industries. Contractor’s license bonds legally protect the contractor, the company who has hired you, and the state bond issuing agency. These are the biggest investors in big-time projects. Having this type of security will protect you as the employer as well as any and all employees on the staff of legal actions or penalties for any emergency occurrences or issues that occur during the process.
Contractor Mark Inc. offers easy processes to receive quotes as well as insurance policies that are best suitable for your company. No business is the same and we all have different needs and specifics that would reflect the needs of our insurance coverage. If you are an employer seeking insurance coverage to support your business and employees, reach out the Mark Benton Insurance Agency, Inc. for your quote and policy suggestions today.