Workers’ Compensation Insurance
Worker’s Compensation Insurance
Workers’ compensation system are in place to protect workers who are injured or killed on the job and those who have an occupational disease as a result of employment. Workers’ compensation also helps to protect employers by limiting their liability.
The state of Michigan requires businesses to purchase workers’ comp if:
- A private employer has 1 or more full-time employees (35 hours or more per week for 13 weeks or longer)
- A private employer has 3 or more employees at one time (including part-time employees)
- An agricultural employer has 3 or more employees working 35 hours or more per week for 13 or more consecutive weeks
- A household employs 1 or more domestic servants for 35 hours or more per week for 13 weeks or longer
- An employer is a public employer
Benefits of Retailers Insurance Company
- Employers liability limit is $2 million – much higher than the standard $500,000.
- Enterprise Cyber Liability, standard with every work comp policy, provides $100,000 of protection for privacy regulation coverage due to a security breach, coverage for electronic theft of funds, PCI re-certification services, crisis management and fraud prevention. It also includes sub-limits for ransomware, telecommunications theft and social engineering fraud.
- Automatic terrorism coverage.
- Discounts for employers who have implemented safe workplace practices.
- Several convenient payment options.
Discounts Available If You Have:
- Employee health insurance program
- Pre-employment medical exams
- Drug-screening program
- Video surveillance system
- Light-duty return-to-work program
- Active safety program
- Employee assistance program
- Exceptional MOD history