If you're like most business owners, you want to find the best workers comp insurance for your company. But with so many options out there, it can be tough to know where to start.
There are a lot of things to consider when choosing workers comp insurance for your business.
Watch the video below to learn more...
Need Workers Comp Insurance?
Best Workers Comp Insurance
There is only one way to find the best workers' compensation coverage for your company, and it has three simple steps.
I'm going to walk you through those steps.
find the right agent
First, you have to find the right agent. You have to find a specialist, someone who knows workers' compensation. Workers comp is not set it and forget it.
There are all kinds of pitfalls that can cause you to either be overcharged, be undercovered, or have huge premium audit bills at the end of the year.
This is where you're coming out of your pocket for cash that your business either doesn't have or doesn't want to pay because they're surprises.
The right worker's compensation agent is going to make sure that those things don't happen.
READ NEXT: How To Win The Workers Compensation Cost Game For Your Business
find the right carrier
Number two, find the right carrier. All worker's compensation carriers were not created equal.
There is a very common misbelief in the marketplace that the rate is the rate, and there's nothing you can do, and all comp rates are the same.
That couldn't be more untrue.
find a company that matches the way you like to pay
Last, but not least, if you want to find the best workers' compensation for your company, find a company that matches the way you like to pay.
You can pay annually, you can pay quarterly, or monthly.
You can do monthly self-reporting, where you log into the carrier how much you paid your people that month, and then you only pay premiums on that.
And then there's pay-as-you-go, where you connect your worker's compensation policy to a payroll provider. Now you do not want your payroll provider to be your insurance agent.
You want to keep those two things separate, but you can connect your worker's compensation carrier to your payroll provider.
And all these different methods of payment aligned with the right carrier, with the right agent, get you the best workers' compensation coverage.
READ NEXT: A Quick Guide To Workers Compensation Insurance Basics
Your worker's compensation insurance is one of the most important investments you can make for your business.
You need to have the right coverage in place to protect your employees and your business.
The best way to find the right insurance is to work with an experienced agent who can help you understand your options and find the right policy for your needs.
This is where we come in at Rogue Risk.
If your current insurance professional has never addressed issues like this with you before, I’d encourage you to reach out to us today.
- You can call or text us at 518.960.6600
- Click here to contact us via email.
I look forward to introducing you to a new way of viewing your insurance program.