Workers Compensation Insurance

There are many varieties of commercial truck insurance that trucking company owners need to consider, but workers compensation insurance is more than just an option throughout much of the United States.

Most of the U.S. mandates that employers who staff more than a set amount of employees own an approved private party workers compensation insurance policy.

Workers compensation insurance is about as common for businesses as a general liability policy.

What is Workers Compensation?

Just what is workers compensation insurance? While it sounds like its protection for employees against injuries.  While this is true, workers compensation actually does as much to protect trucking companies as it does trucking company employees.

The main purposes of workers compensation insurance include coverage for various types of illness and injuries, reimbursement for lost wages, legal expenses to the employer in the event an employee makes inappropriate claims or suits about work related conditions and expenses to dependents in the case of debilitating injury or death.

What Workers Compensation May Not Cover
Workers compensation insurance may not cover your trucking company’s independently contracted drivers.  While you or your contracted drivers may not desire this type of coverage, occupational accident insurance exists to mimic the coverage that workers compensation provides for non-W2 employees.

Other Policies To Consider with Workers Compensation
Most trucking companies will need to have a general liability policy or business owner’s policy to protect the company from litigation due that may result from accidents that occur as a result of normal operations.  Business owners will also need some type of insurance for trucks to cover their commercial vehicles, and often some type of cargo insurance and trailer insurance as well.

Talk to an agent today for more info on workers compensation insurance or to receive free truck insurance quotes!