Business Insurance in Peoria AZ: How Workman’s Compensation Clauses Protect Your Company And Its Employees

Business insurance in Peoria, Arizona can help protect your company and its assets from many different threats to your investment. One of the clauses that will be contained within your policy will be for Workman’s Compensation, an important type of coverage that helps you and one of your most valuable assets, your employees. Job related accidents can cost a company thousands, if not millions of dollars in a single fiscal year without this valuable protection; additionally, your employees can suffer great consequences without this protection. Here are a few facts about how Workman’s Compensation clauses are mutually beneficial for your company and its employees…read on!

Protecting Your Company
Business insurance clauses can protect your company from financial damages caused by employee accidents. Not only will your company not be held liable for your employee’s injuries and time off work, but also can be further protected from responsibility entirely if certain criteria are met. One of the stipulations of Workman’s Compensation claims is that the affected employee or employees will be remanded to be tested for substance use. This helps the company determine whether or not the personnel that was involved in an on the job incident were responsible for causing the accident by being in an altered state of mind. Drug and alcohol use accounts for many on the job accidents every year. The liability for these accidents can be avoided in cases where an employee’s drug test comes back positive for any type of mind altering substance. This is how your business insurance clauses can protect you and your company from becoming financially responsible for doctor’s bills, time off work and pain and suffering damages.

Additional Benefits For Your Company
If the accident in question resulted in any property loss on your part, your business insurance can cover your claim and replace your losses. For example, if your employee was using a company owned vehicle for a delivery, pick up or other job related task and was involved in an accident, your company’s vehicle can be covered. This is especially true if your employee was not found to be at fault for the accident. You and your company may be entitled to full compensation for your losses, depending on the mitigating factors written into the clauses governing commercial vehicles. Check with your business insurance agent to find out more in the instance that your company is faced with damages and injuries resulting from an accident involving one or more of your employees.

For more information about business insurance in Peoria AZ and how your Workman’s Compensation clauses can benefit your company and its employees, call 623-322-5955 or click on the provided link.


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