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Workers Compensation Insurance Quotes
A division of Baltimore Insurance Network
Call us today for your Free Quote
(410) 530-6581 Make sure your covered!If you or an employee gets hurt on the job, workers compensation can help. Often referred to as workman’s comp or workers’ comp, workers’ compensation is a type of insurance employers need to carry in order to help injured employees pay for medical costs and lost wages due to work related illness and injuries.
Workers Comp also protects employers from being sued by employees for workplace conditions that might have caused the illness or injury. Think of getting workman's comp as a way to protect your employees, your business, and yourself from such unforeseen perils. |
We can help make sure your business is fully protected!
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Business Owners Policy (BOP)
A business owners policy combines property and business liability insurance into one business insurance policy (BOP) insurance helps cover your business from claims resulting from things like theft, fire or covered disasters. |
Commercial Auto Insurance
Commercial auto Insurance is every bit as important when it comes it comes to keeping your business practices legal and protected financially. There are three major strategies for lower rates that we can advise you on. |
Commercial Property Insurance
This type of insurance protects your company's physical assets from. This type of coverage is something every company needs whether you own your own building, lease or work from home, |
Workers Compensation Regulations
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You will need Workers Compensation Insurance if your business:
- Has one or more full time employees - Has one or more part time employees - Is ready to hire your first employee - Is required by a contractor for a certificate only policy - Includes employer liability, which protects your business if an employee should sue. Expenses that are not covered by workers compensation Insurance - Wages for a replacement employee - OSHA fees and penalties - improvements to workplace safety - Card or other gifts for injured employees |
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Workers Compensation Insurance Overview
The cost of workman's compensation insurance is paid by the employers. This insurance is the simple cost associated with having one or more full/part-time employees. Unlike other forms of insurance for employees such as health insurance, the cost of workers compensation is not shared between the employer and employee. It is a necessary expense that will cover your employee'e medical costs and lost wages in the event of a work-related accident, illness or death. In addition, you would be subject to fines or penalties from the state of Maryland if you were not insured.
The cost of workman's compensation insurance is paid by the employers. This insurance is the simple cost associated with having one or more full/part-time employees. Unlike other forms of insurance for employees such as health insurance, the cost of workers compensation is not shared between the employer and employee. It is a necessary expense that will cover your employee'e medical costs and lost wages in the event of a work-related accident, illness or death. In addition, you would be subject to fines or penalties from the state of Maryland if you were not insured.
How you can save on Workers Compensation
Rates: Workers compensation insurance rates are standard nationwide. But insurance companies apply “deviations, premium discounts or schedule credits” from those rates, up or down depending on your loss experience.
Premium Audit: When it is time for your annual premium audit, we can help. The Huff Insurance team can make sure you are properly classified and that you maintain your records to receive the most advantageous payroll calculations and classes. Completing your audit on an annual basis is the best way to be sure that you are being charged the most accurate premium.
Experience Mod (Rate Modification Factor): We will help make sure your experience mod is an accurate reflection of your claims. A mod less than 1.00 means that you are running a very safe workplace. A mod over 1.00 means that you need to work with loss control and install safety measures to make safety a priority to all team members.
Loss Control: A loss control or risk management program where injuries to your employees are minimal because of the safety features used on your premises. We ca help you evaluate your business to determine if safety procedures need to be initiated or changed
Rates: Workers compensation insurance rates are standard nationwide. But insurance companies apply “deviations, premium discounts or schedule credits” from those rates, up or down depending on your loss experience.
Premium Audit: When it is time for your annual premium audit, we can help. The Huff Insurance team can make sure you are properly classified and that you maintain your records to receive the most advantageous payroll calculations and classes. Completing your audit on an annual basis is the best way to be sure that you are being charged the most accurate premium.
Experience Mod (Rate Modification Factor): We will help make sure your experience mod is an accurate reflection of your claims. A mod less than 1.00 means that you are running a very safe workplace. A mod over 1.00 means that you need to work with loss control and install safety measures to make safety a priority to all team members.
Loss Control: A loss control or risk management program where injuries to your employees are minimal because of the safety features used on your premises. We ca help you evaluate your business to determine if safety procedures need to be initiated or changed