Texas Workers Compensation Insurance
Workers Compensation insurance can help businesses of all sizes and employees in the event of an on the job injury. Work mans Comp will help cover cost associated with and injured worker including lost wages and medical bills. Companies who carry Texas Workers Comp insurance are protected from lawsuits when an employee is injured while working. Employee’s do not have the right to sue an employer when they get hurt.
WORKERS COMPENSATION INSURANCE QUOTE HOTLINE 817-925-0924
How are Texas Workers Comp Premiums Determined?
Premiums are determined by your payroll. Payroll is determined by your TWC reports or forms filed for payroll taxes.
Each type of employee and duties have class code assigned to them(coverage for office staff costs a lot less than a steel worker)
Payroll for each class code is determined then applied the the rate for that particular class code
There are 2 ways premiums are paid. Either annually up front or reporting basis.
On annual payments at the end of policy period an audit occurs to determine if you owe more or are due a refund based on actual payroll incurred
On the reporting basis you submit payroll info on a quarterly basis and send in correct premium (this can eliminate having a large invoice due in the event of increased payroll)
Companies can also get discounts based on loss history, using network of preferred providers, and the mod.
What separates us from others include:
We can provide workplace safety programs
Same day contact and immediate investigation of a claim
Discounts available for provider networks
Help implement return to work programs with physician and loss control representative
Representatives to protect you from fraudulent claims
Offer safety videos and training based on your industry
WHAT ARE SOME OF THE COSTS ASSOCIATED WITH WORK PLACE ACCIDENTS?
- Time lost from injury
- Time lost by supervisors and managers accident investigations
- Crew or team break ups
- Cost to train new member
- Damage to tools or equipment
- Loss of employee morale
Training and education can prevent a lot of the above issues.
Some of the industries we have specialized plans for include:
- Automotive Repair
- Service Providers