Get low-cost transportation workers' compensation.
A workers' compensation policy protects your employees against work-related injuries and illnesses. When an employee is injured, becomes ill, or dies on the job, workers' compensation benefits cover medical expenses, lost wages, and death benefits.
Workers' compensation insurance covers nearly all workers who are injured on the job. In addition to medical expenses, it can also cover lost wages for the employee. The cost of the payout is generally determined by the severity of the injury. If you want to ensure that the commercial transportation workers' compensation insurance is properly implemented, you should compare and shop around for a suitable policy from a reputable company. An injured employee will be able to recover faster from an injury if he or she has proper coverage from a reliable insurance company.
As an employer, you're protected from lawsuits because workers' compensation insurance covers you. It’s required by law that all employers provide workers' compensation to all employees, regardless of whether they are full-time or part-time. Workers' compensation provides coverage for drivers and other employees in the transportation industry. The drivers work exclusively for you so that they pick up and deliver goods or people according to your schedule. Workers' compensation for truck drivers and other employees does not cover independent contractors who work for multiple companies and have the freedom to set their own schedules.
There are three types of workers' compensation
- A medical-only policy
- Temporary Disability
- Permanent Disability
Workers' compensation insurance for transport workers
If you are injured on the job, you may be eligible to four different kinds of workers' compensation benefits:
- Medical Insurance Compensation
- Wage Benefits
- Rehabilitative Services
- Benefits Upon Death
How Much Does Transportation Workers Insurance Cost?
Under the xx class code, the average rate of customers paying for workers' compensation is approximately 7.15 per $100 of payroll. Insurance policies covering general liability usually cost about $1,900.00.
Workers' Compensation Costs
- Payroll is used as the basis for calculating workers comp prices
- You will be charged based on your state and EMR rating
- Rates can vary based on the type of transportation
- Policy credits and discounts may apply to premiums
Transportation Workers Compensation Insurance Class Code 7382
Businesses primarily involved in providing special needs transportation to the elderly, infirm or handicapped. Many of these companies use specially equipped vehicles to provide transportation. Typically, transportation is provided to and from medical appointments. Under NEMT insurance, rides to and from work would not be covered. Medicare and specialized local and state programs often help cover the cost of non-emergency transportation.
When choosing an insurance provider for your workers' compensation policy, you should consider a variety of factors. You should also consider the types of insurance offered by different insurance companies before choosing an insurer. Identify your specific needs and the types of employees you will be dealing with on a daily basis. Making the right decision regarding your business's workers' compensation insurance will be easier with this information.