business client sitting with insurance advisor

Workers’ Compensation Insurance is invaluable to New Jersey employees and employers alike. For employees, it provides coverage for all work-related injuries and illnesses; for employers, it allows business owners to offer comprehensive insurance for work injuries while protecting their interests.

All New Jersey businesses, except those covered by federal programs, are legally required to carry Workers’ Compensation Insurance, although partnerships and limited liability companies (LLCs) are permitted to self-insure.

Because Workers’ Comp Insurance plays can help keep your business humming, it is critical to work with a knowledgeable broker so that you purchase the policy best suited to your business’s needs and budget. In New Jersey, contact Blue Lion Insurance Advisors, LLC at (732) 649-1600 or online for excellent service. 

We offer two benefits to our clients. First, we deal solely with Commercial Insurance, so we are well-informed in this field. Also, we owe no allegiance to any insurance provider, so we are free to make your needs our top priority.

Why Workers’ Comp Insurance Is Essential

While there is a tendency to associate workplace accidents with construction, demolition, electrical work, or other risky businesses, the fact is that employees can be injured in any workplace at any time. Employees suffer injuries every day in restaurants, executive offices, department stores, professional practices, and shoe stores, and their employers have to be prepared to cover their medical bills and other related expenses.

Employees deserve compensation to help them cope with their medical bills, lost income, and other injury-related expenses. But employers need protection from the high cost of such compensation. Workers’ Comp Insurance provides both. 

For the purchase price of a Workers’ Comp policy, you can receive the peace of mind that comes from knowing that your employee will be taken care of and you will not (except in extreme cases) be the target of a lawsuit that might lead your business into bankruptcy.

Types of Accidents Workers’ Comp Covers

Some injuries are specifically related to a job-related task, e.g. a butcher’s serious cut while slicing meat. Nonetheless, any employee can suffer one of the following at their workplace:

  • Fracture or head injury due to a slip and fall
  • Muscular injury due to overexertion or overreaching
  • Repetitive stress 
  • Exposure to hazardous substances 
  • Illness caused by poor ventilation, mold, rodent infestation
  • Vehicular accidents during travel for work 
  • Burns from fire or explosion
  • Disability as a result of an intentional attack 

Our dedicated insurance advisors will ask you the right questions so that your insurer provides the appropriate Workers’ Compensation Insurance.

How Workers’ Compensation Keeps Your Employees & Your Business Safe

New Jersey Workers’ Comp Insurance keeps your employees safe by:

  • Paying all related medical and rehabilitation costs
  • Paying 70 percent of their weekly wages (after the first week)
  • Paying temporary or permanent disability benefits if the employee is eligible
  • Paying death benefits to the surviving family members
  • Not requiring them to prove fault to receive benefits
  • Making each employee eligible for benefits immediately on Day 1

At the same time, New Jersey Workers’ Comp Insurance keeps your business safe by preventing the injured employee from suing your company, except in cases of extreme negligence, recklessness, or direct assault. You should know that workers’ comp does not cover independent contractors, interns, and volunteers.

Contact Our Skilled New Jersey Workers’ Comp Insurance Advisors Today

At Blue Lion Insurance Advisors, LLC, we have the experience to help your company find the optimal Workers’ Compensation Insurance policy. Contact us now to discuss your options. We will work to ensure that your Workers’ Comp Insurance policy is Blue Lion Strong™.