Workers Compensation Insurance
Protect your employees from on-the-job injuries with reliable Workers' Compensation insurance coverage from experts you can trust.
Why Choose Builders Insurance Group as Your Workers' Compensation Insurance Company?
Our deep knowledge and experience helping injured workers receive the right care provides your clients with the peace of mind that Builders is the right partner. We pride ourselves on the effectively handling claims to ensure workers return to work as soon as possible.
Proactive Risk Control Solutions
We offer extensive safety resources and expert training to educate business owners on how to control hazards, prevent injuries, and protect both their employees and their businesses.
Resolving Claims Effectively and Efficiently
Rapid claims resolution leads to faster access to medical care, so we have aligned both our processes and personnel to expedite matters of coverage in a hassle-free claims experience.
What Does Workers' Compensation Cover?
Workers' Compensation insurance covers expenses associated with an on-the-job injury, including:
- Urgent doctor care
- Emergency hospital care
- Physical therapy
- X-rays and testing
- Transportation to and from the doctor's office
- Lost wages
- Permanent impairment benefits and more
Start your workers' compensation insurance quote today.
Answers to Frequently Asked Workers' Compensation Insurance Questions
Workers' compensation is insurance that pays for medical care and physical rehabilitation of workers injured on the job and helps to replace lost wages while they are unable to work. State laws, which vary significantly, govern the amount of benefits paid and other compensation provisions.
The cost of workers' compensation insurance is determined by a number of factors, such as payroll amounts, the types of work being performed (which are categorized into NCCI class codes), previous insurance claims, and more. An insurance underwriter will collect information about your business in order to formulate an appropriate rate (or premium) for your coverage.
There are several actions you can take that may influence your workers' compensation insurance costs:
- Report claims immediately to ensure the fastest receipt of benefits
- Pre-plan what to do when an employee is hurt
- Cooperate with your adjuster by providing necessary information quickly
- Consider a deductible
- Be proactive in identifying hazards and implementing safety controls
- Create a return-to-work plan which includes light-duty assignments as apply
While the amount of lost wage benefits paid to a worker injured on the job depends on individual state law and the level of coverage chosen by the insured, it is not uncommon for an injured worker to receive 2/3rds of his or her average weekly wage.
OSHA is a federal agency that establishes minimum health and safety standards for workers, conducting inspections and penalizing employers who do not meet its standards. OSHA does not provide compensation to workers injured on the job. Defined above in the first FAQ, workers' compensation is an insurance product provided by a for-profit business and regulated by the appropriate state government.
Talk with your insurance agent to ensure coverage.
A premium review or audit is necessary because your policy premium was based upon estimated exposure developed by you and your agent. The annual premium, or installment premium, was calculated using your estimated payroll amounts for the upcoming policy year.
The resources on our Premium Audit pages are designed to provide our policyholders with the detailed information and tools to help them prepare for their annual audits and make them go as smooth and quickly as possible. We know audits can be stressful, and they certainly don't have to be painful - all it takes is a little advanced planning. Our Premium Audit team is here to serve you and help make the process simple and easy.
The first and most important step in the process for employers is to report a claim immediately, even if the employer doesn't have all the necessary information. A Builders representative will then contact the employer and explain the process and begin an investigation. Claims can be filed online, emailed, faxed, or called in toll free 24/7 at 800.883.9305.
- Determine coverage/jurisdiction
- Start the investigation process upon receipt of claim
- Establish reserves within the first 30 days
- Manage expenses associated with the handling of the claim
- Manage the litigation process to ensure timely defense and settlement of claim
- Settle appropriate claim
- Comply with all regulatory procedures.
- Subrogate if an additional party is responsible for the loss
- Supervision and file reviews completed on all files.
Other Business Insurance Coverage
Builders Insurance Group provides other types of business insurance coverage.