Workers’ Compensation Insurance

Getting the Best Value and Managing Expenses

• Murphy Insurance works with various workers’ comp insurance providers that may offer different pricing depending on the type of business. We’ll compare options to find you the best price now and monitor changes to ensure you save money wherever possible at renewal.
• Our expertise and knowledgeable staff understand proper job classification which drives workers comp costs. We’ll ensure your workers are properly classified and give you guidance to help you manage your costs.
• We offer simplicity with one point of contact. You’ve got a dedicated professional you can turn to for assistance. And, in many cases, we can place your general business insurance and workers comp with the same insurance company which results in your having to work with only one auditor and loss control person, which saves you time and reduces extra work.
• Our internal claims department makes processing any workers’ comp claims easier. If something happens, you’ll have local support.

What Workers’ Comp Insurance Covers

In the event that an employee is injured on the job, workers’ compensation coverage provides payment for medical care, rehabilitation and a portion of wages if the person is unable to work. If the worst situation happens and an employee dies while performing his job, it provides a death benefit to a worker’s dependents.

Workers’ compensation law requirements can vary from state to state. As a result, if you have employees who work in other states, you may have to purchase additional workers’ compensation in another state to protect your business in the event that a worker is injured outside the state where your business is headquartered. In Massachusetts, it is mandatory for all private sector employers to purchase workers’ compensation for each employee even if you have one part-time employee, you are required to provide workers’ comp coverage. The Division of Industrial Accidents (DIA) manages the compensation system in the Commonwealth.

Coverage is generally effective on the first day of employment. Workers’ compensation is “no-fault” insurance, meaning blame for injury is generally not a factor in determining coverage. In the event that an employee is unable to work, there is a 5-day waiting period after which workers’ comp provides a portion of the person’s weekly income for a specified number of weeks for temporary or partial disability, and if a person is permanently disabled, it will provide a portion of wages on an ongoing basis.

Sole Proprietor And Partnership Coverage Options

If you are a sole proprietor or part of a partnership, you, as the business owner, are not automatically included in coverage; however, you may choose to elect coverage. Having this coverage can be important if you act as a subcontractor for other companies because they usually expect you to carry your own workers’ compensation protection. Having workers’ comp coverage for owners also helps protect their income and pay for medical expenses in the event of an on the job injury.

To discuss your workers’ comp needs with a one of our trusted insurance professionals, email, call or visit us. You can also start the process now and request a quote online.