Most states including Massachusetts require that all employers in the state provide workers compensation insurance for their employees. Regardless of the legal obligation, workers compensation is a vital part of any organization.s insurance program. The benefits of workers compensation include the following:
Medical expense & rehabilitation expense as required by applicable state law
In addition Employers liability insurance covers employers for their legal liability to an employee for an injury arising out of the course of employment that is not covered under workers compensation law.
The current marketplace for workers compensation insurance in the state of Massachusetts is not quite the same as it was a few short years ago. Competitive programs have all but disappeared for the smaller businesses, leaving the state set rates as the rule of thumb for estimating premiums for small businesses. Larger businesses with favorable loss experience may receive competitive quotes for their insurance from those companies that are aggressively seeking to write workers compensation coverage.
For more information or to discuss your workers compensation insurance pleasecontact our office.
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