Workers’ Compensation Insurance for Flooring Contractors

Worker's Compensation Insurance for Flooring Contractors at affordable prices.

Safety should be a major concern for any company, but it is particularly critical for small companies that may be unable to handle the medical costs associated with an injured or ill employee. Your flooring installation company may expose your workers to specific risks of harm because of the kind of equipment used, the often-dangerous working environment, and the continuous physical labor. If an employee is injured or becomes sick on the job, flooring installer workers comp insurance coverage can assist you prevent financial loss while also ensuring that the person receives prompt care and is able to return to work. Even if your flooring installation company has just one employee, you must have workers compensation insurance.

Workers compensation rules were designed to safeguard workers should they be impacted by work-related accidents or sickness. With workers compensation insurance coverage in place, employees may recover and return to work as soon as possible. Coverage under the flooring installation workers comp insurance coverage covers medical treatment, rehabilitation, and restoration of lost income. An employee may get benefits immediately without going to court, thus this might be advantageous for the company as well.

Sometimes minor injuries are unavoidable while employees are laying flooring. They may only need a basic, one-time first aid treatment that is quite cheap. Rather than making a claim on your flooring contractor workers compensation, you may pay for this first aid personally or via your business. Making a claim may be more troublesome and costly than just paying for first aid.

If your employee is involved in an on-the-job injury that needs more than basic first aid treatment, he or she may be entitled to temporary disability. In this case, workers’ compensation may pay the cost of your flooring contractor business's lost profits. Your employee must get medical confirmation, but this coverage kicks in after three days if he or she is unable to return to work. Typically, an injured worker will get two-thirds of their salary while they are unable to work, up to a specific amount. The majority of these payouts are limited to a two-year term under worker's compensation law. Certain injuries have a four-year statute of limitations.