Most private employers in Texas are not required to carry workers’ compensation insurance, but if you have any employees working for your business, you really should consider having workers’ comp — to protect not just your employees, but you as well.
Carrying a Texas workers’ compensation insurance policy shows that you care about the wellbeing of your staff and value the work they do for you. Workers’ comp covers medical costs and a portion of lost wages for employees with work-related injuries and illnesses. On the flip side, a Texas workers’ comp insurance policy can also protects your business from lawsuits by employees who want to sue due to workplace conditions that caused their illness or injury.
Although it’s impossible to completely prevent any employee injuries from occurring, there are key steps you can take to minimize risk and avoid having to file workers’ compensation claims. When you call BKCW for a quote, we will conduct a Risk Management Audit. This allows us to learn about you, your business, employees, goals, and identify potential risk.
Once your risks have been defined, we will work hand-in-hand with you to figure out ways to reduce the risk, or eliminate it all together. After that, we will design a unique workers’ comp policy for your Texas business, which will ensure you’re only paying for what you need. A policy designed with risk management in mind is also a great negotiating tool with carriers when trying to get a lower rate.
When you’re happy with your workers’ compensation insurance policy, your agent will create a Risk Management Service Plan. This plan will set the objective, standards, and steps for the implementation of risk control and claims management services. In other words, it sets goals and holds both you and your agent accountable for service commitments. You will even have a follow up review a few months later as a way to check in, make sure goals are being met, and provide any feedback about BKCW’s customer service throughout the process.
With a Texas workers’ comp insurance policy and risk management plan from BKCW, you can have peace of mind knowing your employees are protected in the event they are hurt — and you know you’re doing everything you can to keep those accidents from happening in the first place.
To learn more about your options for workers’ compensation insurance in Texas and other types of business insurance, contact the office of BKCW by calling 512-250-5055.