Workers’ compensation, or “workers’ comp,” is designed to protect both employees and employers when a work-related injury or illness occurs. This coverage responds when injuries or illnesses occur because of duties performed on the job or while at work and is required in the state of Pennsylvania. It provides benefits such as medical care, lost wages, rehabilitation, and in some cases disability pay.
Workers’ comp is funded by employers—employees can’t be charged for it. Claims are typically handled by the insurance carrier under the supervision of the state Workers’ Compensation Board. Because it’s a no-fault system, employees receive benefits regardless of who was at fault, except in cases of intoxication or intentional self-harm.
Why It Matters for Your Business
Protecting employees while they are working for your business is not only the right thing to do, it’s also your responsibility as an employer. Workers’ comp helps:
- Cover injuries such as lifting accidents, slips and falls, or injuries from fires and explosions.
- Protect your business from lawsuits related to workplace injuries.
- Provide partial wage replacement if an employee returns to work at a lower-paying role during recovery.
- Offer light or alternate duty options before full recovery.
How Snyder Insurance Agency Helps
At SIA, we know that every business is unique, and workers’ compensation coverage is not one-size-fits-all. We compare options from multiple carriers to find the most competitive rate for your business—sometimes bundling with other policies provides the best fit, while in other cases, a separate policy may be more cost-effective. Your company’s type of work and classification will help determine the right carrier and pricing.
It’s also important to ensure that your payroll estimates are as accurate as possible on your policy. Since insurance companies audit payroll at the end of each policy term, inaccurate reporting can result in a credit (refund) or additional premium owed. We’ll guide you through this process during quoting to keep your coverage accurate and minimize surprises at audit time.
Protect Your Team and Your Business
Workers’ compensation insurance is vital for keeping your employees safe and your business protected. Let Snyder Insurance Agency help you tailor a workers’ comp plan that fits your industry, your team, and your budget—so you can focus on running your business with peace of mind.
Talk with the team at Snyder Insurance Agency—we’ll help you find workers’ comp coverage that fits your business.
