3 Ways Workers Comp Can Protect Your Small Business

Workers comp insurance can protect your small business against the risk of lawsuits due to workplace accidents. Workers comp covers medical expenses and lost wages of employees who are hurt on the job. As accidents can happen at any time, it’s imperative your business have insurance coverage. Here are some ways worker’s comp insurance from Henderson Insurance Agency can protect your Harrisburg, PA business.

Averts Financial Loss  

Workers comp protects your workforce by covering their medical expenses if they’re injured on the job. Without this coverage, your business could be held liable for medical expenses of accidents in the workplace. A serious workplace accident could cost your company tens of thousands of dollars in medical expenses, not to mention disability, lost wages, and death benefits if the accident results in an employee losing his or her life. If your line of business poses physical risks to employees, workers comp is a must to avert a financial loss.

Increases Company Morale

Workers comp looks after the interests of your workforce. Having this coverage shows you are concerned about their health and welfare on the job. Good workers comp coverage can increase company morale and keep valuable employees who are the backbone of your company. Your employees are more likely to stay if they know they’ll be taken care of in the event of an accident.

Promotes Safety in the Workplace

Workers comp isn’t a luxury for small businesses – it’s a need. Business owners can keep insurance costs down, however, by improving the safety of their work environment. Depending on the nature of your business, you could introduce safety training programs, invest in safety gear or upgrade your equipment to make for a safer workplace. A safer workplace reduces the risk of accidents which, in turn, reduces the cost of this coverage.  

To learn more about workers comp coverage and costs, call Henderson Insurance Agency, Harrisburg, PA today.

What Kind of Commercial Coverage Does Your Small Business Need?

As a small business owner, you’re bound to face risks that affect your finances. Natural disasters, workplace accidents, and cyber-theft can cost you thousands of dollars’ worth of damages. Commercial insurance can protect your Harrisburg, PA business from financial setbacks that can hold you back from expansion. At Henderson Insurance Agency, you can obtain personalized commercial coverage to protect your business against the following:

Lawsuits

Today’s business owners need to be on guard against lawsuits that can put their company out of business. If a customer has an accident on your property or one of your products causes customer harm, you could be sued for damages. Liability insurance protects you against lawsuits by covering the medical costs of accidental injuries, legal expenses, and settlement costs.  

Property Damage   

If you rent or own a business property such as an office or warehouse, you can benefit from what property insurance has to offer. Property insurance protects your building and all its contents against unexpected disasters. Natural disasters like tropical storms, hurricanes and blizzards can cause extensive damage to business property. Without insurance coverage, your business would have to cover damages to your workplace, inventory, furniture and office equipment out of pocket.

Workplace Accidents  

In Pennsylvania, any business that has one or more employees is required to carry workers comp coverage. Workers comp protects your employees against accidents on the job by covering medical expenses, disability, and lost wages while a worker is recovering from the accident. It even provides death benefits for an employee’s family, if the accident results in a worker’s demise. Workers comp insurance provides a means for business owners to take care of their employees in the event of accidents. Businesses that have this coverage are more likely to retain valuable personnel that can help their company move forward. 

If your small business is in need of commercial insurance coverage, call us at Henderson Insurance Agency, Harrisburg, PA.