Workers’ compensation is a type of insurance that protects employees who sustain work-related injuries and illnesses. Injured workers can receive workers’ compensation benefits to cover health care costs, lost wages, and resulting disability.
Workers’ comp helps cover any expenses needed to help your employees recover from work-related injuries and illnesses, including:
Traditional workers’ comp premiums are charged per year based on payroll estimates, often leading to inaccurate pricing and heavy upfront payments.
Hourly makes workers’ comp more cost-effective with a pay-as-you-go model based on your actual payroll, not an estimate. Say buh-bye to over or underpaying for workers’ comp and those nasty audit bill surprises.
Your employees deserve access to the best medical providers. With Hourly, excellent, affordable medical treatment is more doable than ever.
Our insurance partners can offer referrals for the best health care providers in case of a work-related injury or illness, and our streamlined system ensures you’re always up to date on workers’ comp payments so your employees can quickly get the care they need.
In order to report a work-related illness or injury, you and your employee must file a workers’ compensation claim. Once your employee fills out the needed paperwork, you’ll file the claim with your insurance company.
A claims adjuster will then review your claim and decide how much to give your employee for the illness or injury. Your employee may also be assigned a case manager to help guide them through the recovery process and returning to work.
Most states require businesses to carry workers’ compensation insurance, though there may be different requirements depending on your type of work and number of employees. Federal employees receive coverage through the Department of Labor.
First, check the workers’ compensation laws in your state by visiting dol.gov. You can then buy a policy from a private insurance company or from your state fund, depending on your state’s requirements. Get a free quote from Hourly to see how much you can save with our pay-as-you-go workers’ comp.
Your employees deserve the best coverage, and Hourly makes it easy for you to give them just that. We use an affordable, pay-as-you-go workers’ compensation system in tandem with an automated payroll service, helping you conveniently pay and cover your employees without breaking the bank.
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