Unlike most states, Texas law does not require Coppell, TX business owners to purchase workers’ compensation insurance. However, when an employer chooses to purchase this indemnification, it limits the categories and amount of compensation that an employee may receive. These regulations are outlined in the legal code. 

Entrepreneurs who do not purchase coverage are referred to as nonsubscribers. They can be targeted by lawsuits for which they will be sought to pay damages and attorneys’ fees with practically no limit. You are also not able to use certain common defenses in a court of law, such as assumption of risk, co-worker negligence, or contributory negligence. 

 Your knowledgeable representative from The Select Insurance Agency can fully inform you of all the specifics of workers’ compensation insurance. Employers are required to post a notice that each worker has five days to elect whether to accept the provisions of their worker’s compensation or to retain their legal right to sue. 

If an employee waives their inclusion in this coverage, they will not automatically receive payment for their medical expenses or lost wages. An employee would be covered under your policy if they sustained the injury during the course of providing services or performance to the furthering of your business. This also includes traveling. This is voided by horseplay, intoxication by drugs or alcohol, criminal actions, or off-duty activity. 

We Can Provide Insurance Products and Services

The Select Insurance Agency can meet our clients’ indemnification needs in the areas of worker’s compensation, and we serve those who operate in the area of Coppell, TX. We invite you to contact us for more information about how we can assist you. 

If you own a business and have employees, it’s vital that you know everything about workers’ comp insurance. At The Select Insurance Agency, we provide workers comp insurance in Coppell, TX.

The following are three things you need to know about workers comp insurance. 

Workers comp insurance can protect your company financially.

If you don’t have workers comp insurance, you can face costs due to lawsuits against you from employees who were injured on the job. 

If you carry workers’ comp insurance, you are protected financially in the event of employee injuries. Without workers comp coverage, your company could be financially devastated by the costs of an on-the-job employee injury. 

Workers’ comp insurance can help your company to attract employees.

Carrying workers comp insurance shows prospective employees that you’re devoted to protecting the livelihoods of your staff members.

If you carry workers’ comp insurance, you may find it easier for your company to attract top talent when looking for new staff members. 

Workers’ comp insurance can help your employees return to work after an injury.

One of the most important things workers comp insurance can do is ensure injured employees get the medical treatment they need.

Getting needed medical treatment ensures your employees return to work as quickly as possible. This boosts your company’s productivity and ensures as high a rate of employee retention as possible. 

If you need workers comp insurance for your business in Coppell, TX, contact us at The Select Insurance Agency. We can provide you with the worker’s comp insurance you need for your business. 

Business owners must be adequately informed about their workers’ comp insurance needs. Those who run a business in Coppell, TX can purchase workers comp insurance from The Select Insurance Agency. 

The following are three things that business owners might not be aware of regarding workers comp insurance. 

Workers comp insurance is required for many companies.

Many companies have to invest in workers comp insurance to protect their employees. Workers comp insurance is one of the most commonly required and basic types of insurance that many companies carry. 

The exact responsibilities of a company regarding workers comp insurance depend on state laws where a company operates. 

Workers comp benefits are typically not taxed.

One of many advantages workers enjoy when they are compensated for a work injury by workers comp insurance is untaxed benefits. In most cases, workers’ comp insurance payments are exempt from taxes. However, there are some exceptions. For example, social security disability benefits may be taxed. 

Workers comp coverage can provide coverage for numerous types of injury. 

Workers comp insurance is a comprehensive benefit for workers who experience injuries. This type of coverage can compensate employees who experience various types of injury.

Some of the many on-the-job injuries for which workers comp benefits include slip-and-fall, overexertion, and repetitive motion injuries. 

If you’re on the market for workers comp insurance in Coppell, TX, we can assist you with meeting your insurance needs at The Select Insurance Agency. Contact us today to ask questions or get quotes on a workers comp insurance policy. 

When you own a Texas business, there are specific laws about the type of commercial insurance you may require. While the state doesn’t mandate some of the types required in other states, you can get any kind of commercial insurance that you need, even if it isn’t required. If you need commercial insurance in Coppell, TX, you can give us a call at The Select Insurance Agency to find out more. 

Commercial Auto Insurance

This type of insurance is required for your business if it owns a vehicle. All Texas business-owned vehicles must include a few different kinds of coverage in their policies. The state mandates that these policies have to contain property damage liability coverage as well as bodily injury liability coverage. These protections pay for the damage done to someone else’s vehicle and the medical bills incurred by someone else after an accident. This is essential coverage to protect your business from lawsuits and substantial medical bills that it could be liable for. If you have a personal auto insurance policy on a company-owned vehicle, the policy will not likely pay after an accident. 

Workers’ Compensation Option

Unlike most states, Texas does not require its business owners to have workers’ compensation insurance for a company’s employees. But, it’s a good idea to get this insurance anyway. Suppose someone were to have an accident while on the job. Your business would likely be liable for all their medical bills and lost wages. These can be paid to your employee by the policy instead of coming straight from your business. 

Get Commercial Insurance for Your Business

To get the insurance you need in Coppell, TX, call us at The Select Insurance Agency.