The Independent Agency Advantage
Don’t Overpay for Workers’ Compensation
Did you know that independent agents compare carrier rates and can saving you hundreds of dollars on workers comp policies?
Up to 27% savings for Workers’ Compensation
Easy underwriting process & instant coverage
Top-rated carriers you know & trust
Alchemy can help your business fulfill its’ Workers’ Compensation requirement – no matter the size or industry. We cover:
Our agents work directly with carriers like Nationwide and Progressive to assure you get the lowest premiums on a Workers’ Compensation policy for your business.
If you have employees, Workers’ Compensation is required in most states.
Despite your best intentions, workplace accidents happen! Workers’ Compensation Insurance offers you protection from employee lawsuits and work-related injuries or illnesses. Other benefits may include:
Workers' Compensation Insurance gives your employees benefits if they have a work-related injury or illness. This coverage can help cover injured or sick employees' medical expenses and replace wages from lost work time. Workers' Compensation is a no-fault system, which means injured or ill employees can receive compensation, however, they give up the right to sue their employer.
Businesses with employees are required by law in most states to provide Workers’ Compensation, Unemployment Insurance, and Disability Insurance in some states. Also, consider getting an Employment Practices Liability (EPL) policy that protects your business against allegations of discrimination, harassment, and wrongful termination of employees. Finally, keep Auto Insurance in mind if you or your employees are driving for work purposes. It can help cover the costs of possible accidents.
A good rule of thumb for budgeting for Commercial/Business Insurance is about 20 to 30 percent of your business’s gross income. These costs may vary depending on the coverage you need and the risks of certain industries.