Why You Should Cover All Your Employees with Workers Comp Insurance

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Why You Should Cover All Your Employees with
Workers Comp Insurance
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• If youre the owner of a business, anyone working
  for you should be covered by workers compensation
  insurance, whether theyre only part-time,
  employed on a seasonal basis, or even a family
  member, and its important to remember that
  whenever your business is open, you must have
  insurance in place.
• What about contractors and subcontractors?
• If you regularly, or even occasionally use
  contractors and subcontractors, you should
  encourage them to carry proof of their workers
  comp insurance with them at all times, if only to
  help protect your business from any risk.
  Remember that your organization could also be
  held responsible for other businesses workplace
  injuries incurred during the course of business
  if engaged on their behalf.

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• While the cost of any subsequent payouts may vary
  according to the type and severity of the injury,
  such an unknown financial burden is risky for any
  business.
• And remote workers?
• Any employees working from home such as is
  currently happening due to the ongoing pandemic,
  should also be covered, although some small
  business owners disagree with this. Maintaining
  that they arent able to control the environment
  in which the remote employee is working in, some
  state that they shouldnt be held responsible for
  any compensation claims made by their remote
  workers.

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• While it does depend upon the state and
  individuals claims coverage determination, some
  injuries incurred by a remote employee could fall
  under the umbrella of workers compensation.
• What about the pay-as-you-go workers compensation
  insurance model?
• Becoming increasingly popular, a pay-as-you-go
  insurance policy reflects the changes from one
  billing cycle to the next, so as a business
  owner, you only ever pay for what you owe. This
  is in contrast to traditional models in which the
  premium increases as payroll increases, and
  up-front fees and year-end audits are included
  the pay-as-you-go model adjusts to business
  dynamics through real-time calculations.

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• For any business seeking to better manage their
  expenses and be more flexible, this model could
  have its advantages.
• Running a business can be tough, particularly in
  these challenging economic times, but why make it
  tougher by not covering your employees with
  workers compensation insurance?
• So, to discuss whether pay-as-you-go workers
  compensation insurance could be an option for
  your organization and its employees, or to
  discuss getting all your workers covered, talk to
  an insurance professional today, and start
  reducing the risk for your business.

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• Apollo Payroll is one of the premier small
  business payroll services companies in Miami and
  Coral Gables. Apollo Payroll is dedicated to
  delivering expert advice, responsive service, and
  highly accurate payroll processing and reporting
  to ensure the success and growth of the business
  that we serve. Our services include comprehensive
  payroll services in Homestead and other cities in
  Miami-Dade County, employee background check and
  group health insurance in Miami Coral Gables