Workers’ compensation insurance helps provide financial support for employees if they are injured or become ill in a work-related incident. This coverage also helps limit the company’s liability for employee injuries and illnesses.  

Contact the Michael Noe Agency in Northport, Alabama, today to learn more about how workers’ compensation insurance can help support your employees and protect your organization.  

Is Workers’ Compensation Required In Alabama? 

Most employers must provide workers’ compensation coverage for their employees in Alabama. If your organization has five or more employees, including full-time workers, part-time workers and officers, you are required to carry workers’ compensation insurance coverage. Construction businesses with any number of employees must provide workers’ compensation coverage, as well.  

What Does Workers Compensation Cover?  

If one of your employees suffers a work-related injury or illness, workers’ compensation benefits may help provide financial support for lost wages, medical care and treatments, disability benefits and death benefits for the employee’s dependents.  

Depending on the details of your workers’ compensation policy, your organization may have additional benefits and coverage. Talk with your agent to understand your specific workers’ compensation policy.  

How Much Does Workers’ Compensation Cost? 

Workers’ compensation insurance costs vary significantly from one company to the next. Your insurer determines your rates using information about your policy and company and may consider the following: 

• Your company’s size and location
• Your industry and the risks associated with the line of work
• Employee job tasks
• Your payroll
• Your claims history
• The number of employees on payroll

While your insurer sets workers’ compensation insurance premiums, your agent can help evaluate your needs and shop around for the best possible rates.  

How To Get Workers Compensation Insurance 

Talk with your agent to better understand how Alabama’s workers’ compensation laws may apply to your organization. Contact the Michael Noe Agency today to get a quote for the business insurance your company needs to remain in compliance with the law and protect its future earnings potential.