It is common to spend most of your adult life working at home, in an office, or on a job site. Unfortunately, injuries can occur in any type of job, regardless of the work environment.
Troy businesses thrive when there is a safe, secure work environment where employees can contribute effectively and support the organization's growth. Despite the best efforts to maintain safety, accidents and illnesses can still happen.
Workers' Compensation Insurance for Small Businesses
Workers' compensation insurance can help protect your employees and your Troy business.
A serious workplace injury could put your business in a challenging financial position. Many small and medium-sized companies may find it difficult to cover medical expenses, whether due to injuries, illnesses, or ongoing care, without insurance.
How Much is Workers Compensation?
Workers' Compensation insurance costs vary based on the state where your business operates and several other factors, including:
- The number of employees you have.
- The work your employees do.
- Your claims history.
- Your industry.
As with all insurance, Michigan workers' comp costs are influenced by the level of risk associated with different jobs and industries. Higher-risk jobs and industries typically have higher insurance costs. To determine appropriate rates, classification codes are used to categorize industries and their associated risks.
How Often Should You Review Your Coverage?
As a rule of thumb, you should review your insurance when you renew your insurance. However, other events could affect your coverage needs. As an independent agent, we strive to keep your coverage comprehensive and are always ready to assist you with any requests for policy reviews.
Why Work With Mason-McBride?
As a locally owned Troy business, our focus is on meeting the needs of our clients. With over 100 years of experience in Michigan, we provide personalized advice and support. We take pride in our team of dedicated professionals who are committed to upholding our values and providing quality service.
Our long-standing presence in Troy demonstrates our ability to address risk and insurance needs effectively. We work to identify factors that may impact your premiums and offer consulting and risk management services to support your business.
Why Work With an Independent Agent?
As independent agents, we represent multiple insurance companies, allowing us to focus on your needs rather than those of any single carrier. We have access to a variety of insurance products from reputable providers.
Get Affordable Coverage
If you're interested, start a quote online or email us at info@mason-mcbride.com