Month: February 2023

Unlike most states, Texas law does not require Coppell, TX business owners to purchase workers’ compensation insurance. However, when an employer chooses to purchase this indemnification, it limits the categories and amount of compensation that an employee may receive. These regulations are outlined in the legal code. 

Entrepreneurs who do not purchase coverage are referred to as nonsubscribers. They can be targeted by lawsuits for which they will be sought to pay damages and attorneys’ fees with practically no limit. You are also not able to use certain common defenses in a court of law, such as assumption of risk, co-worker negligence, or contributory negligence. 

 Your knowledgeable representative from The Select Insurance Agency can fully inform you of all the specifics of workers’ compensation insurance. Employers are required to post a notice that each worker has five days to elect whether to accept the provisions of their worker’s compensation or to retain their legal right to sue. 

If an employee waives their inclusion in this coverage, they will not automatically receive payment for their medical expenses or lost wages. An employee would be covered under your policy if they sustained the injury during the course of providing services or performance to the furthering of your business. This also includes traveling. This is voided by horseplay, intoxication by drugs or alcohol, criminal actions, or off-duty activity. 

We Can Provide Insurance Products and Services

The Select Insurance Agency can meet our clients’ indemnification needs in the areas of worker’s compensation, and we serve those who operate in the area of Coppell, TX. We invite you to contact us for more information about how we can assist you. 

If you own a business and have employees, it’s vital that you know everything about workers’ comp insurance. At The Select Insurance Agency, we provide workers comp insurance in Coppell, TX.

The following are three things you need to know about workers comp insurance. 

Workers comp insurance can protect your company financially.

If you don’t have workers comp insurance, you can face costs due to lawsuits against you from employees who were injured on the job. 

If you carry workers’ comp insurance, you are protected financially in the event of employee injuries. Without workers comp coverage, your company could be financially devastated by the costs of an on-the-job employee injury. 

Workers’ comp insurance can help your company to attract employees.

Carrying workers comp insurance shows prospective employees that you’re devoted to protecting the livelihoods of your staff members.

If you carry workers’ comp insurance, you may find it easier for your company to attract top talent when looking for new staff members. 

Workers’ comp insurance can help your employees return to work after an injury.

One of the most important things workers comp insurance can do is ensure injured employees get the medical treatment they need.

Getting needed medical treatment ensures your employees return to work as quickly as possible. This boosts your company’s productivity and ensures as high a rate of employee retention as possible. 

If you need workers comp insurance for your business in Coppell, TX, contact us at The Select Insurance Agency. We can provide you with the worker’s comp insurance you need for your business.