Workers Compensation Insurance Defined: Coverage providing four types of benefits (medical care, death, disability, rehabilitation) for employee job-related injuries or diseases as a matter of right (without regard to fault). This insurance is usually purchased by the employer from an insurance company, although in a few states there are monopolistic state funds through which the insurance must be purchased. The premium rate is based on a percentage of the employer's payroll and varies according to the employee's occupation.
Working with a knowledgeable, proactive agency can save you time and money on your Minnesota Workers Compensation Insurance coverage. BIG's strong market representation and years of experience ensures you are making the right choice for your business insurance needs.