Worker’s compensation is a type of insurance that covers wage replacement and medical benefits in the event of a workplace injury in return the Employee relinquishes the right to sue. The tradeoff between assured limited coverage and lack of recourse outside the system is known as the compensation bargain.
While plans differ provisions can be made for weekly compensation in place of wages, payment of medical expenses (works like health insurance) or payment to dependents (works like life insurance).
At Paycheck we look after our client’s interest. We recommend that you buy a policy that starts a day before your new employee starts working.
Pay-as-you-go type is a type of payment for insurance premium. This allows you to pay your premium when you process your Payroll. In this way you pay a smaller amount each time instead of a larger amount all at once. The disadvantage to this is that the companies that offer these types of policies usually charge a higher rate for them.
Please click on “GET MORE INFO” and complete the application, we will have them call you and make arrangements with you.