Workers Compensation Insurance


Auto Insurance For Barrington, Blackwood, & Bellmawr, NJ

If your employee suffers a job injury or gets an occupational disease due to job duties, in most states, they could seek health coverage through workers’ compensation insurance. This is the insurance employees pay to cover possible job-related injuries. Coverage may include up to two-thirds of lost wages and liability insurance for lawsuits.

The premiums the employee pays are based on the nature of the occupation itself. There are 700 “occupational codes” that insurance companies use to determine the premiums. Costs vary from a few cents per $100 work pay for administration assistants to $10 per $100 pay for truck drivers.

There are standard rates and preferred rates. If your business has a good record with few claims, you may qualify for the less expensive preferred rates. Your company may also get a dividend or pay-back if you have a record of fewer claims on insurance than other companies.

For questions concerning workers compensation insurance, call Matlack Insurance. As an independent insurance agency in New Jersey with over 25 years’ experience, we can help you determine the best and cost effective insurance package for you that could cover your employees and avoid unnecessary costs, call Matlack toll free at 1-800-937-1545

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