Dalessandro Agency Blog

If you’re a business owner, it’s imperative to take out workers compensation coverage, in addition to your business insurance in Michigan law requires that employers purchase workers’ compensation. The insurance is designed to give employees medical care and a measure of financial protection against illness or injury suffered while in the workplace. This also gives the employer a measure of protection against being sued.

However small businesses should be aware that, while this form of coverage offers an invaluable safety net, it does not give compensation for the costs incurred through additional training expenses, overtime to cover the work while the injured worker is recovering and a temporary reduction in productivity.

Should an accident occur in the workplace, it is important to carry out an accident investigation as soon as possible. The analysis should include both members of management and fellow workers to understand the cause of the incident and how similar problems can be prevented from happening again. Two of the key factors in preventing such accidents re-occurring are good communication between management and staff and a re-evaluation of the company's safety plan if necessary.

Keeping a lid on workplace accidents will not only benefit your workers but also your company as it will help reduce claims made against your workers compensation policy. For additional information on business insurance in Michigan or workers compensation, speak to one of our agents today.