Workers Compensation Coverage for the Construction Industry
At Clausen Insurance, we provide customized workers' compensation insurance plans for construction contractors, roofers, electricians, and more.
Workers’ compensation insurance protects your employees and your business by paying for work-related injuries or illnesses. This policy can pay for an injured or sick employee’s:
- Immediate medical expenses
- Ongoing medical treatment
- A portion of their lost wages, while they are recovering
Workers’ comp is a state-mandated policy for all businesses, including construction. Construction business owners compulsorily require this policy as a prerequisite for obtaining and maintaining a valid business license.
Workers' Compensation at Clausen Insurance Services
Keeping in mind the high-risk nature of the construction industry, our team of expert professionals at Clausen Insurance Services can help design a policy that is custom-tailored to your unique needs. We provide exclusive coverage for:
- General contractors
- Masonry workers
- Paving contractors
- Sheet metal contractors
- Permanent yard contractors
With over 30 years of experience in the insurance industry, we are well-versed in the risks common to the construction business. We can quickly assess your situation to create an insurance plan that covers you against all work-related uncertainties.
Some of the most common incidents that result in workplace injuries are:
- Slips and falls
- Repetitive motion injuries/ Overexertion
- Electric shock and arc flash/ blast
- Failure to use protective equipment
- Explosions or burns
Our comprehensive workers’ comp insurance plans take into consideration, all potential risks faced by your construction employees, to ensure complete protection at all times.
The benefits of having a workers’ comp policy for your construction business far exceed the costs involved in getting yourself insured. This policy will protect you from paying out-of-pocket to cover expensive claims related to employee illness or injury. It also saves you from a damaged reputation, if a construction worker sues your business for their injury or illness.
There is no fixed price for all policies, as insurance costs depend on the amount of risks and several other factors related to the business. However, insurance for the construction business tends to be expensive, considering the high risk of accidents and expensive equipment used in this sector. Some of the major factors that will affect your premiums include:
- Type of equipment used (high-risk equipment attract higher premiums)
- Whether the work involves working at heights
- Type of work done (e.g., painting, masonry, or electrical work)
All construction workers are classified into different categories called class codes, based on the kind of work done and the level of risk involved. These codes are assigned by the National Council of Compensation Insurance (NCCI) or by state agencies. They help the insurers to assess the risks faced by the worker and determine the cost of coverage accordingly. Generally, the higher the risks, the higher the cost of coverage and vice versa.