As a business owner, you’ve worked hard to build a sustainable business. A motivated and protected workforce is critical to your path toward growth. When organizations are not fully covered and compliant, workplace injuries can become an anchor that drags down your long-term sustainability.
Workers’ compensation coverage is designed to cover your employees when there is a workplace injury — but a lot goes into that process. Let’s take a look at everything you need to know about staying covered and compliant.
Not all businesses are required to purchase workers’ compensation insurance. You can check the workers’ comp laws by state to see how local regulations will affect your business. If you have more questions, SouthEast Personnel Leasing is ready to help. Get in touch and we can answer your questions to help you make an informed decision.
Even if coverage is not required, it’s important to consider the costs vs. the benefits of workers’ compensation coverage. Comprehensive coverage from a fully compliant program can protect you from the impact of major medical expenses or lost wages in the aftermath of an injury at work. You’re also ensuring that every valued member of your team feels safe and knows they'll be taken care of — without exposing your business to unnecessary risks.
High-risk businesses such as start-ups, those with small numbers of employees, or companies in dangerous industries such as construction can sometimes struggle to find coverage. Insurance carriers regularly decline certain types of risks.
With that said, all workers and businesses deserve protection. You have alternatives that will provide comprehensive coverage and competitive programs for virtually any type of risk. At SouthEast Personnel Leasing, our carrier partners cover a wide range of risks, such as:
A professional employer organization like SPLI is able to pair your workers’ compensation program with payroll and other core administrative functions, saving time and effort. This helps you keep your focus where it matters most — building your business.
In addition, the standard model for insurance carriers hasn’t aged well. What happens with a traditional carrier in an uncertain economic environment when demand and injury rates are in flux?
These problems are solved through the flexibility of a PEO. When you work with SouthEast Personnel Leasing, you enjoy the benefits of workers' compensation from a true administrative partner:
Contact SPLI today to learn more about the benefits of workers' compensation through a small business PEO platform that also encompasses payroll and risk management. Keep your focus on your business priorities. We’ll handle the rest.