A nurse sprains her back while moving a patient. A teacher slips on a wet floor and breaks his wrist. A cook at a restaurant suffers a third-degree burn on his hand. One thing all these injuries have in common is that if they happened to employees while on the job, they can be covered by workers’ compensation insurance. If you are an employer in Longmeadow, Massachusetts, an independent insurance agent can help you find the best and most affordable workers’ compensation insurance policy to cover your business.
Contact a local insurance agent to learn more.
Is Workers’ Compensation Insurance Required in Longmeadow, MA?
All Longmeadow businesses must remain in compliance with Massachusetts state employment laws. This state mandates that if you have at least one employee, you need to carry workers' compensation insurance. There are a few exceptions. It isn't necessary to purchase coverage for yourself if you're a sole proprietor, LLC member, or partner.
You also don't need to cover real estate agents, salespeople who work entirely on commission, workers engaged in interstate or international commerce, or domestic workers if they work fewer than 16 hours a week. Talk to a local independent insurance agent to learn more about your workers’ compensation requirements.
How Much Does Workers' Comp Insurance Cost in Longmeadow, MA?
The good news for Longmeadow employers is that rates for workers' compensation insurance in Massachusetts are the fourth-lowest in the country. Your cost for coverage will depend on the types of jobs your employees do and your company’s overall payroll. Every job is assigned a classification code, and rates for each class code are set by the MA Workers’ Compensation Rating and Inspection Bureau. The more likely a worker is to suffer a serious injury, the higher the cost for coverage.
Commercial insurance providers are required to use these base rates when calculating costs. However, they are permitted to offer rate discounts at their discretion. It, therefore, is in your best interest to compare a few quotes before selecting a policy. The following are average rates paid per every $100,000 in employee payroll for the three top industries in Longmeadow, MA:
- Healthcare & Social Assistance: $1,320 a year
- Educational Services: $1,850 a year
- Professional, Scientific, and Technical Services: $92 a year
Talk to your local independent insurance agent to discover how much a policy will cost you.
Longmeadow Workers’ Compensation Covers Medical Treatments
Workers' compensation insurance is designed to ensure that if employees are injured or become ill on the job, they can receive reasonable medical treatment and follow-up care without facing any out-of-pocket costs. Covered medical care includes doctor visits, hospitalization, prescription medications, and other miscellaneous expenses as is appropriate to meet the medical needs of the injured worker.
Workers' compensation can also reimburse employees for miles traveled to get to and from their medical appointments. Employers in Massachusetts can choose which doctors their employees can see for their initial exam, but then treatment can be transferred to a doctor of the worker’s choosing.
Longmeadow Workers’ Compensation Insurance Provides Disability Coverage
If an employee needs more than seven consecutive days to recuperate from a work-related injury, workers’ compensation insurance can provide them with disability coverage. Through this coverage, temporarily disabled employees can receive a weekly benefit of 60% of their average weekly wage. If an employee is partially disabled but can return to work in a light-duty capacity, workers’ compensation can bridge the income gap to ensure that the worker is receiving 75% of their previously earned wages.
In the unfortunate event that an injury leaves an employee permanently disabled, workers’ compensation will pay out weekly benefits based on the employee’s earnings at the time of the accident. The employee can receive 2/3 of their average weekly wage for as long as they remain unable to work.
Coverage for Scarring, Loss of Use, and Disfigurement
In addition to other benefits, employees who have scarring on the face, neck or hands or who have been disfigured in a work accident can receive a one-time lump-sum payment in an amount that is proportionate to the severity of the injury.
Workers' Compensation Covers Fatal Work Injuries in Longmeadow
Unfortunately, workers sometimes suffer fatal injuries on the job. Workers’ compensation insurance can help surviving family members manage the financial difficulties of this loss by providing them with compensation benefits. These benefits include coverage for funeral and burial costs, followed by weekly benefits to the employee’s spouse in an amount of 2/3 of the deceased worker’s weekly wages. This benefit is subject to cost-of-living increases and will continue for as long as the spouse remains unmarried. If the employee’s spouse does remarry, the deceased employee’s dependent children can continue to collect a benefit of $60 per week.
Find the Best Workers’ Compensation Insurance in Longmeadow
If you are looking for suitable workers’ compensation insurance to cover your Longmeadow business, an independent insurance agent can help. These agents can match you with insurance providers that specialize in covering businesses like yours. Your agent can also help you compare rates from these insurers so that you can be sure you're getting your policy at a competitive price.
Are you interested in learning more about the many benefits of working with a local, independent insurance professional? If so, contact an insurance agent in or near Longmeadow to get started.
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