Why Screen Repair Companies Should Have Workers’ Compensation Insurance
Screen repair companies benefit from having more customers than ever before, which means more workers are needed to keep up with demand. Employees may also feel pressured to finish the job faster and move on to the next site. Considering this setting, employees are at a higher risk of accidents than before.
Every business has unique risks and dangers, but most small businesses do not typically deal with problems that threaten their existence daily. However, employee injury or death on the job can cripple any business, regardless of size. Workers’ compensation offers a valuable safety net to the employee and employer in case of a work-related accident.
What Is Workers’ Compensation Coverage?
Workers’ compensation is a type of insurance provided by employers for their employees. The insurance offers a financial safety net to employees who are injured or become ill on the job. According to the coverage policy, injured or ill workers can access benefits regardless of fault.
The main benefits include:
- Medical treatment
- Ongoing medical care
- Lost wages
- Disability benefits
- Funeral costs
The Division of Workers’ Compensation within the Department of Financial Services is the main regulator of workers’ compensation benefits in the state. Their duty is to ensure that injured or ill employees receive fair benefits.
The rules and legislation around this issue are different between states. Most Florida employers are required by law to offer workers’ compensation to employees. However, the specific requirements are dictated by the industry, the size of the business, and other factors.
In Florida, The Office of Insurance Regulation is the main body that supervises workers’ compensation coverage in the state. The declared goal of the institution is to nurture a competitive market and protect the public. The Office also regulates forms, rates, and financial solvency for insurers.
How Can Workers’ Compensation Help My Screen Repair Company?
If you have a business dedicated to screen repair in Jacksonville, there are many benefits to workers’ compensation coverage. Beyond covering injured and ill workers, the insurance also protects employers from possible lawsuits.
Benefits to Injured or Ill Employees
While it may not seem a hazardous business, screen repair workers can suffer a wide range of injuries. Handling tools and machinery can be risky when even a slight slip of the hand can lead to severe injuries.
Common injuries include:
- Lacerations
- Finger and limb amputations
- Neck and back injuries
- Traumatic brain injury
- Soft tissue injuries
- Loss of vision and hearing
Decrease Employee Turnover
Your business might have a high employee turnover rate, due to various factors. However, offering a generous workers’ compensation plan might help your workers feel safe and valued.
Convey Trust
Workers’ compensation coverage helps convey trust not only to your employees but to potential clients as well. Customers will feel reassured knowing you care about the workers and follow state law.
Protection Against Lawsuits
Workers’ compensation also extends a degree of protection to employers, as they are sheltered from certain lawsuits. You can find out more about exceptions from a specialized lawyer.
Finding the Right Workers’ Compensation Insurance Plan
Screen repair companies must be proactive in finding the right worker’s compensation insurance plan. Companies should take the time to examine their operations and find a good fit for them.
Fines and Penalties for Not Offering Workers’ Compensation
Businesses that neglect their worker’s compensation insurance are subject to hefty fines, penalties, and lawsuits. With the rising cost of living and the downward income trend, many businesses are considering dropping workers’ compensation insurance altogether. However, if you are a business owner, this will expose you to liabilities for employees’ injuries or claims.
Final Thoughts
If you have a screen repair business in Jacksonville, offering workers’ compensation to employees may not be optional. However, there are many benefits to consider. This type of insurance can protect you from a series of lawsuits from injured employees and help project a strong image of your business.
Author’s Biography:
Hiram M. Hamilton
Hiram M. Hamilton graduated university with a BA in Journalism but became a trusted employee at his father’s HVAC company. With 20 years of experience under his belt, Hiram is a specialist in the industry and a self-thought plumber. However, his passion for journalism prompted him to pick up the pen again. Now, he is writing informative articles related to HVAC issues, home services, and plumbing tips and tricks to educate the public and help people become more self-reliant.
Mark Scott
With a law degree under his belt, Mark Scott understood very early that law communication was a relatively neglected area. He decided to help people by “translating” the language and offering information and advice in a clear, useful, and actionable manner. For this reason, instead of finding him in court, you will most likely find his name online, where he is very active and thriving as a legal columnist. His part of making the world a better place is to make the law a less convoluted maze. He aims to make it easier for people to understand when and how to seek legal counsel, how to proceed in a significant number of legal matters, and to find the proper resources so they can stand up for their rights.
