Mandatory workers’ compensation insurance in Massachusetts can be a big expense for business owners, especially if you run a small- to mid-sized company. But, while you might think of workers’ compensation insurance as simply another state requirement that you are forced to put some of your budget towards, the team at Anderson, Bagley & Mayo (ABM) encourages you to think of this coverage as much more than another business expenditure.
We’d like you to consider a workers’ compensation insurance policy a true safeguard for both you and your employees, because, in the event of a workplace injury or illness to one of your employees, workers’ compensation insurance will:
Whether you employ full-time workers, part-time staff, or both, have domestic employees, or only work with your family members, workers’ compensation insurance is coverage that is often a requirement. And, there are hefty penalties if you are caught without the appropriate workers’ compensation insurance for your business. In fact, the Department of Industrial Accidents (DIA), which oversees the Massachusetts workers’ compensation system, can close you down immediately, fine you a minimum $100 per day, and even press criminal charges if one or more of your employees is not covered by a workers’ comp policy.
However, similar to other Massachusetts mandatory laws, like “use a seat belt” and “wear a motorcycle helmet”, workers’ compensation laws have truly been designed to protect us. It is critically important to have this insurance in place in case any employee, including you, suffers a job-related injury or illness.
As your local insurance partner, ABM is here to do much more than just help you select the right workers’ compensation coverage. We can assist you with classifying your employees and listing your payroll correctly, making sure your safety program complies with current OSHA laws and regulations, and, most important, holding down rising workers’ compensation rates.
Through our strong relationships with many of the highest-rated insurance carriers, we are uniquely qualified – and committed – to finding you the best workers’ compensation insurance solutions to safeguard your employees and your business, while also saving you valuable time and money. Our experienced team can also help you understand and fulfill a number of the other responsibilities you have as an employer under the Massachusetts workers’ compensation law, including your obligation to:
As an employer for over 100 years, ABM knows that it is a huge responsibility to try to keep all your employees safe, whether they are working in your building or conducting business on the road. We will be glad to review your current workers’ compensation policy, identify any potential gaps or issues, offer affordable solutions, and provide you with the highest level of service should you ever face a workers’ compensation claim by an employee.
For more information about how we can help you with your workers’ compensation insurance needs, please visit us at any one of our three convenient Massachusetts offices. Or, contact us today to speak one-on-one with an ABM team member.
Workers’ comp laws apply to almost every company, no matter the number of hours their employees work or the number of employees they have. But, workers’ compensation insurance really isn’t as clear-cut as it sounds. Regulations change, rates fluctuate, and workplace safety guidelines constantly evolve. This makes it challenging for employers like you to stay up to date with the appropriate coverage for your unique situation, especially because your own business is always changing and growing as well. That’s why it’s best to work with a knowledgeable, local insurance agent, like ABM, who thoroughly understands the ins-and-outs of workers’ comp insurance and can provide you with all the information you need for your specific workplace environment. While speaking to you in person or over the phone is the most effective way for us to guide you through this complex insurance process, we can give you a head start by providing some answers to common workers’ compensation insurance questions here: