Protect the People Who Help Your Business Succeed

Employers in the state of Vermont are required by law to have workers comp insurance if they have employees. Workers Compensation Insurance coverage through Holden Insurance can protect employees from work related injuries or if they become ill as a result of working conditions. The policy covers a wide range of services to help injured or ill employees recover and return to work including medical care and rehabilitation. In most cases workers comp insurance protects an employer from being sued by an injured worker. Employers Liability coverage protects the employer in the event a suit is filed for damages as a result of an employment related incident. Employees are an asset to your business, so you care about their health and well-being. The unfortunate accident can occur, even if you work hard to maintain a safe workplace.

Workers Compensation Insurance VT

Rating the Workers Comp Policy

Your payroll and the kind of work your employees do are two contributing factors in calculating the cost of your workers compensation insurance. The riskier the job is, the higher the rate. For example, the rate you would pay for an administrative assistant would be lower than the rate you would pay for someone who uses a rotating blade to cut wood for furniture making. An audit is performed each year so you are only charged the premium you qualify for based on your annual payroll for each classification.

If you are in a business that sometimes hires sub-contractors, you may be required to pay workers compensation insurance premium for that sub if you do not get proof that they carry their own insurance. It is good business practice and less costly for you to hire only sub-contractors who provide you with a certificate of insurance.

We understand that you may have questions about the options available. We invite you to speak with one of our commercial insurance specialists. They can walk you through the insurance shopping process to obtain workers compensation insurance coverage for your Vermont company. Request a free insurance cost review today!