Workers Compensation Insurance

When your employees are being taken care of, your business is also being taken care of. It is no secret that keeping employees safe at work is a crucial part of running your business. Moreover, workers' compensation insurance provides you and your employees with important protection if an employee suffers an injury while working for your business.

Your business thrives on a safe, secure working environment where your employees can do their best work while helping your business grow. But unfortunately, accidents and illnesses still happen even under the best circumstances.


Is Workers' Comp Insurance Mandatory?

Worker's Compensation is a state-mandated insurance program in which lost wages and medical treatment is covered due to an employee's work-related injury or illness. In addition, it covers the services needed to help an employee recover and return to work.

Michigan requires employers to carry workers' compensation insurance.

Your business could be financially crippled if you suffer a serious workplace injury. It is well known that many small and medium-sized companies cannot afford to pay medical bills out of their pocket, whether it is due to injuries, illnesses, or ongoing care.

As a result of purchasing this policy, you can be assured that you will be protected against medical expenses and litigation resulting from workplace injuries.


Workers' Comp Insurance for Small Businesses

No other type of insurance, including health insurance, covers workplace injuries. So if you don't have workers' Compensation and get hurt at work, you'll have to pay for all your medical expenses out of pocket, plus you won't be receiving your regular paycheck.

The benefits of workers' compensation insurance are available to all small businesses, regardless of whether they are required to carry it. In most cases, workers' comp should be seen as a necessary business expense.


Cost of Workers Compensation Insurance in Michigan

Because coverage requirements vary by state, the cost of Worker's Compensation insurance depends on where your business operates. Other factors that affect your rates include:

  • The number of employees you have.
  • The type of work your employees do.
  • Your claims history.
  • Your industry.


Like all insurance, Michigan workers' comp is priced based on risk. Riskier industries and jobs are more expensive to insure than less risky ones. To ensure prices are as fair as possible, they're determined by classification codes. Each type of work or industry has a unique code that classifies the industry and risk and helps the insurance carrier determine a reasonable rate.

One way to save money on your policy is to make sure you've classified every employee correctly. For example, the secretary for a construction firm will have lower rates than the bricklayers.

At Mason-McBride, we understand the importance of keeping your employees safe and sound. After all, they are the foundation of your business.


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 agency, we strive to keep your coverage comprehensive and are always ready to assist you with any requests for policy reviews.


Coverage for a Wide Range of Professions

Business owners from various industries, including these common professions, come to us for help:


Workers' Comp Insurance for all Michigan Cities

We can provide you with a price comparison for any Michigan city, including, but not limited to:

  • Warren
  • Sterling Heights
  • Southfield
  • Auburn Hills
  • Rochester Hills
  • Southfield
  • Birmingham
  • Troy

To name a few.


Get a Proposal Started Today

Whether you need Workers' Compensation Insurance or a combination of coverages, our team of specialists can find a coverage plan that offers protection.

Proposal Request Form

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Request Your Proposal Here

Are you ready to save time, aggravation, and money? The team at Mason McBride is here and ready to make the process as painless as possible. We look forward to meeting you!