As an auto dealer, you likely run a rather large business with several employees to protect. The best way to protect your employees is by providing auto dealer workers comp insurance. With this coverage, you protect yourself and your employees against issues involving illness or injuries incurred while at your place of business.
Every business day arrives with the potential for everything from minor injuries to severe ones, simply because the conditions involve people and moving vehicles occupying the same space. With employees, customers, vendors and other visitors, often moving about freely, there are the constant threats of an accident. If an employee is hit by a vehicle, slips on grease, or is injured by equipment (just to mention a few possible scenarios), without workers comp coverage the resulting injury could be extremely costly, and could lead to loss of personal assets as well. The state is likely to impose fines for not providing coverage as required.
Medical care coverage is vital for any business with employees
Law requires a workers comp (WC) policy because it eliminates many costly legal fees that will arise if any employee sues an employer over a work injury or illness. Employees have a legal right to be properly cared for whenever they experience an accident while at work, or in the service of their employer, even while off-site.
Regardless of whether or not your business has a commercial insurance package, auto dealer workers comp insurance must be purchased as a separate policy. This important plan can provide your company and its employees with the following coverages:
- Medical expenses
- Lost income/wages
- Rehabilitation costs
- Death benefits
Coverage includes a variety of costs associated with a work-related injury (or illness), such as transportation to an emergency room, doctor visits, medications, rehabilitation, and physical therapy. Additionally, if that employee cannot immediately return to work, your insurance should cover the lost wages. Speak to an agent to see if your current WC policy is providing you with the necessary benefits.