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Workers Compensation Insurance Q&A

Workers’ compensation insurance is a complicated topic.  Here’s a short question and answer summary, brought to you by Agri-Services Agency, explaining a little bit about workers’ comp.
Q: What is workers’ compensation Insurance?
A: Workers’ compensation insurance is a federally mandated, state regulated program that protects your business if an employee gets injured or becomes ill as a result of work-related activities.
Q: What does workers’ compensation insurance cover?
A: When your business is covered correctly, this type of insurance will pay for employee medical bills, lost wages, rehabilitation, retraining, legal costs and more.
Q: Why should I purchase workers’ compensation insurance for my business?
A: In many states, purchasing workers’ compensation insurance is a requirement.  Even if it isn’t required by your state, workers’ compensation insurance is a good business decision because it protects your business from the potentially overwhelming costs associated with work related accidents or employee filed lawsuits.
Q: Are there disadvantages when you don’t have workers compensation insurance?
A: If you don’t purchase workers’ compensation or aren’t covered properly, your business will still be required to pay for these expenses.  These costs can quickly spiral out of control, threatening the solvency of your business.
Q: What if my state doesn’t require workers’ compensation insurance?
A: It is important to remember, even if your state does not require that you carry workers compensation insurance, you are still required to cover expenses if an employee sustains a work-related injury. 
Q: Why is workers’ compensation insurance important for farms?
A: The agriculture industry can be dangerous with many risks and injuries unique to farmers. Because of the nature of these injuries, the role of workers’ compensation insurance can be complex but is vital to this industry.
Q: What should I consider when purchasing workers’ compensation insurance?
A: It is important that you choose a partner that has experience with workers’ compensation insurance and a history in agriculture.  Workers’ compensation insurance is complex and the hazards of the agriculture industry are unique, it’s important that you work with someone who understands both.
Q: Who should I contact to discuss my workers’ compensation insurance needs?
A: A good partner is an experienced one like Agri-Services Agency.  ASA has been serving the ag industry for 50 years including providing workers’ compensation insurance.  Agri-Services Agency focuses solely on the agriculture industry and related businesses, we understand the unique risks of these industries and will work to make sure you are covered correctly at a competitive price.
Q: What other factors should I consider when choosing a partner?
A: Some other factors you want to consider are additional services like risk analysis, loss control, safety training, claims management, regulatory compliance assistance and 24/7 customer service.  ASA provides these services at no extra charge to our customers