North Carolina Workers Compensation

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North Carolina Workers Compensation

There are plenty of things to do in North Carolina, no matter what time of year it is. The state has museums, outdoor activities, and theme parks. Coastal attractions and beaches lure visitors for relaxed weekends throughout the year, but especially during the summer. Among its many attractions are the expansive Biltmore Estate and the WWII-era Battleship North Carolina.

In the wake of the pandemic, North Carolina has experienced a swift and robust economic recovery. As a result of this strong recovery, North Carolina has become an entrepreneurial hotspot due to its manageable costs and other advantages.

In North Carolina, business regulations are friendly, the tax code is manageable, and there are low operating costs; that’s why it's no wonder why businesses are thriving in the state.

If an employee in North Carolina suffers an injury at work, they can be protected by a comprehensive workers' compensation policy.

Importance of North Carolina Workers’ Compensation Insurance

Stampede Insurance Services knows how important it is to have a protected workplace in order to feel secure and at ease. Worker's compensation insurance provides employers with the protection they need to ensure a safe workplace for their employees.

A comprehensive workers' compensation claim is a legal requirement for businesses and independent contractors to protect their workers against unpredictable occurrences that warrant liability. In the event of a workplace injury or illness at work, workers' compensation insurance covers medical expenses and lost wages.  

If an employee is injured on the job, workers' compensation policies protect the employee from hospital bills and lawsuits related to the injury. You may be held responsible for medical bills and lost wages for your injured workers if they suffer a work-related injury or illness without coverage.

Although workers' comp laws vary by state, most small businesses require a policy after hiring their first employee. Depending on the state laws, the regulation requires employers to have one of these workers' compensation programs in place.

What Do North Carolina Workers' Compensation Benefits Cover?

Based on your coverage and different requirements, workers’ compensation insurance can cover a variety of expenses if your injured employee suffers an injury or illness at work, including:

  • Medical benefits
  • Payback of lost wages
  • Costs of ongoing care
  • Funeral expenses
  • Death benefits

Unemployment benefits are generally not available during this time. Your employee won't be able to receive workers' compensation benefits if they get hurt or sick outside of work.

Additionally, if an employee acquires work-related injuries while intoxicated, or if the employee intentionally hurts themselves, coverage may not be available.

We’ll Help You Cut Your Insurance Costs!

In North Carolina, workers' compensation coverage can provide financial and physical protection for most employers. We can provide an entire solution for all your insurance and business needs with the help of our dedicated business partners and experienced agents at Stampede Insurance.No matter where you are, our expert agents are eager to find a comprehensive policy fit for your business! We also offer services in South Carolina, Idaho, and Oklahoma. With no risk and no obligation, you can receive a free quote today!

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