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understanding your workers comp risk

Your Workers Comp Risk Might Be Higher Than You Think

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You might associate workers compensation risk with industries such as construction,  but that doesn’t exclude your business. In fact, every business in the world has some element of risk.

Here’s what you need to know about risk at your business and how workers compensation insurance can help.

Every Business Has Risk

Whether it’s an on-the-job injury or a work-related illness, there’s always a chance that your business will face a workers compensation issue. This is why almost every state requires businesses to carry  workers compensation insurance.

If you are in a physically demanding industry such as construction, manufacturing, agriculture, shipping, etc., it’s incredibly important to have workers compensation coverage in place. However, even office workers need this protection. It’s important to remember that office workers face issues such as repetitive motion injuries and illness caused by exposure to workplace toxins. Additionally, issues such as slips and falls, getting hit by a falling object, malfunctioning equipment, and so on can affect every business regardless of industry.

Reducing Risk

There are some precautions you can take to help you reduce your risk of a workers compensation issue. For instance, workplace health and safety training. This can ensure your employees are using the safest work practices and adhering to company safety protocol. Additionally, keeping your workplace safe and addressing potential hazards can lower your risk for employee injury. Having the right workers compensation insurance will help your business handle the other risks that you cannot completely eradicate, such as the risk of accident.

Watch out for the risk of employee injury and illness at your business.  Interested in getting the right workers compensation insurance to meet your needs?  Then contact the team at Contractors Insurance Agency.  Our dedicated team is ready to get you the coverage you need today.

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