Workers Compensation

Deale & Associates Insurance Agency is a full-service, independent agency that is committed to helping every Maryland business develop a comprehensive risk management strategy through the use of quality commercial insurance benefits.  

Among your most essential coverage needs is workers’ compensation insurance, and this is not a benefit that you should approach flippantly. Workers’ compensation is critical to employees’ security should they get hurt on the job, and these policies can go a long way toward reducing your overall liability for on-the-job injuries. It’s a piece of protection that no company should ever be without. 

So, if you’re ready to get your Maryland workers’ compensation portfolio started, just call us at (410) 267-5601 or request a quote online now. 

Common Workers’ Compensation Questions

 

How does workers’ compensation work?

When an employee gets injured or becomes ill as a result of their working duties, they could stand to suffer losses. Critically, because the employee might not be able to work due to their injury, they might face a huger financial burden because they can’t earn their regular paycheck.  

Workers’ compensation insurance will provide that incapacitated employee with the supplementary income they need to cover medical bills, related recovery expenses and ongoing everyday living costs. It’s there to ease the employee’s burden for an injury that they sustained just by trying to do their job. 

Who needs workers’ compensation insurance?

Workers’ compensation insurance is mutually beneficial to both injured employees and their employers. By agreeing to take workers’ compensation benefits, an employee surrenders their ability to sue the employer over the injury in most circumstances. Therefore, the employer reduces its own liability for employee injuries, while still providing a vessel for employees to receive the financial assistance that they might need. 

Because of the essential nature of this coverage, Maryland law requires nearly all businesses with one or more employees (full- or part-time) to carry workers’ compensation insurance.  

There are very few exceptions to this rule, though certain large employers (net worth of $10 million or greater) can apply for a waiver to become self-insured. However, the benefits of having coverage still far outweigh the costs of investing in a policy. 

Do I need workers’ compensation insurance for one employee? 
State laws stipulate if your business needs workers’ compensation insurance. Most states require coverage for employers with one employee, while other states do not. States also have different exemption laws that may be relevant.   

How much workers’ compensation insurance do I need? 
Several factors affect how much workers’ compensation you need, including applicable state laws and your specific industry. Doing research into the requirements and working with a knowledgeable professional can help ensure you are carrying the needed coverage. 

What does workers’ compensation cover?

Your workers’ compensation policy might cover numerous instances of employee injuries or illnesses, including: 


At the time of filing the claim, the employee will work with a medical care provider and the workers’ compensation insurer to both document their injury and determine the precise level and duration of benefits they will receive. Qualifying payments might be provided for income support, medical costs, rehabilitation expenses and even death benefits if the injured party dies. 

What does workers’ compensation insurance cost? 

With the assistance of your workers’ compensation insurance agent, you can determine the policy that will best fit within your overhead budget. Costs vary between plans, but we are committed to helping you find a policy that meets all compliance standards without forcing you to pay excessively. 

You may also be interested in…