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Workers Compensation Insurance

Workers Compensation Insurance

Protect your workers, protect your business

Good employees are an integral part of any businesses success. Protect them and your business with appropriate Workers Compensation coverage. Workers Compensation insurance covers not only the employer’s statutory liabilities required by law, but also liabilities which may arise from work related injuries not falling under such statutes.

The average cost of a work injury claim in 2017 was $36,5511, and these costs continue to rise. With over 1.1 million claims in the United States in 20172, chances are your company is at risk. Workers Compensation coverage includes:

  1. Reimbursement of lost wages.
  2. Reimbursement of medical and rehabilitation costs.
  3. Reimbursement of damages you are legally obligated to pay due to accident or disease sustained on the job (also known as Employers’ Liability Coverage).

What factors impact Workers Compensation premiums?

  • State where business is located
  • State laws and reimbursement schedules
  • Inherent risk of employee function or job
  • Size of employer payroll
  • Claim history including loss frequency and severity
  • Deductible level
  • Accurate loss data to promulgate accurate modification factor

Proactive, not reactive

As your insurance partner, CB Insurance will assess your business and look for ways to reduce claims and lower overall costs of insurance. We will assist you in:

  • Reviewing loss trends and developing controls to address causes of injury and loss.
  • Reviewing components that make up your policy premium to ensure accuracy and best pricing.
  • Exploring deductible options as a tool to lower overall costs.
  • After a loss, working with carriers to ensure claims are processed fairly and quickly.

Click here to download a one-page flyer with this information.

Don’t leave your business open to unnecessary risk.

Contact Us Today

1Source: Bureau of Labor Statistics

1Source: Bureau of Labor Statistics