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Written by Adam Miller
Do I Really Need Workers Compensation Coverage in Texas?

Owning your own business comes with a bounty of rewards and advantages, but it can also come with a high level of risk, particularly if you have employees on your worksite. Regardless of the industry and levels of training, employees can and do get hurt on the job every day, creating serious liability issues for employers. Workers Compensation insurance makes payments to injured employees for lost wages and medical expenses related to workplace injuries, while also shielding employers from both covering these expenses out of pocket and costly lawsuits.

However, Texas is the only state in the U.S. that does not require businesses to carry Workers Compensation Insurance. This results in a large number of Texas-based businesses lacking the protection and peace of mind that comes with Workers Compensation coverage. In today's blog post, we'll discuss three reasons why your business should always have Workers Compensation coverage.

Cash Benefits For Injured Workers

Workers Compensation coverage provides payments for lost wages and medical expenses related to workplace injuries without these funds coming out of the employer's pocket. This coverage is especially critical for industries with higher numbers of employee accidents, such as the restaurant industry, contractors, manufacturers, retailers, farms, and ranches. In addition, employees get peace of mind knowing they can have prompt financial assistance in the event of a workplace accident.

Shielded From Lawsuits

Another added benefit of choosing Workers Compensation Insurance in Texas is that it can shield businesses from costly lawsuits from injured workers. Once an injured worker accepts Workers Compensation payments for a worksite injury, they are prevented from suing their employer for medical expenses and lost wages. They can still pursue a claim for pain and suffering or mental anguish.

Can Result In Increased Business

Finally, an often-overlooked benefit of having Workers Compensation Insurance for your business is that it may allow you to win new, larger clients for your business. Workers Compensation coverage is commonly required by large clients or government entities in order to secure a bid and win their business. Providing proof of Workers Compensation coverage may encourage potential customers to choose your business over your competitors that lack the coverage.

Regardless of your employees, industry, or workplace environment, it is critical to protect the future of your business with Workers Compensation Insurance. It allows both business owners and employees to have peace of mind knowing all major medical expenses, lost wages, and even death benefits will be covered in the event of a workplace accident. Aegis Insurance and Financial Services can help businesses gain this added level of protection with our Workers Compensation coverage, which can be bundled with our other premier commercial insurance policies. Aegis offers a full range of Commercial Insurance coverage solutions, including Business Owners Policy, Commercial Property, Commercial Auto, General Liability, Excess Liability, and Workers Compensation coverage. Contact Aegis today for more information at 713-850-7622 or go online to request a free quote today!

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