Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Commercial Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
Umbrella Policy adds an extra layer of protection to professionals if a serious event or cumulative claims exhaust your current polcy limits. It also covers you for events that would otherwise be excluded from your other policies.
Why do Vocational Rehabilitation Services need insurance?
Establishments categorized under this industry provide rehabilitation and habilitation services such as job counseling and training, sheltered workshops, work experience centers, and workshops for persons with disabilities.
Every vocational rehabilitation service needs insurance as this covers your business from the many risks that your business can encounter. For instance, defending against a claim can be not only time-consuming but also a costly process. Insurance covers the cost of defending claims so you don't have to.
What risks do Vocational Rehabilitation Services face?
Below are the common risks vocational rehabilitation services can face:
Your vocational rehabilitation services have been sued as your customers claim that your business fails to meet what was advertised.
While visiting a customer, your employee gets involved in an accident in which your employee is at fault.
How much does insurance for Vocational Rehabilitation Services cost?
There is no fixed cost of insurance for vocational rehabilitation services as the cost is usually defined by the size of your business, the number of employees you have, and the coverage required. Without taking these into account, below are the average costs of insurance for your business: