Workers’ Compensation Insurance

Cover the Services and Lost Wages Your Workers Need if They’re Injured in the Course of Employment

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Workers’ Compensation Insurance in Utah

Not only is workers’ compensation insurance an incredibly important type of coverage, but it’s also legally required for most Utah businesses. If your employees are injured on the job, this policy can help cover their medical bills, lost wages, and other damages.

The team at ASA Insurance in Salt Lake City is here to help you find the appropriate workers’ compensation insurance policy to make sure you and your employees have the protection you need when the unexpected happens. Call us today so we can start working on your policy.

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    What Does Workers’ Compensation Insurance Cover?

    Workers’ compensation serves a number of purposes and it proves incredibly useful for employees and employers alike. 

    The benefits it offers injured employees include:

    • Temporary partial disability benefits
    • Temporary total disability benefits
    • Permanent partial disability benefits
    • Permanent total disability benefits
    • Medical expenses for reasonable and necessary medical care related to their injury
    • Death benefits for their surviving spouse or dependents

    Additionally, these policies have a provision known as the exclusive remedy which prohibits employees from suing their employee if they have accepted workers’ compensation benefits. 

    How Much Does Workers’ Compensation Insurance Cost?

    Like other types of insurance, there are a number of factors that influence how much your policy will cost. 

    When it comes to workers’ comp insurance in Utah, these factors include:

    • Where your business is located
    • How many employees you have
    • Your industry and associated risk factors
    • Your coverage limits
    • Claims history
    • Payroll

    Rest assured, when you work with us, we’ll help you find a policy that suits your budget and also fits the needs of your business.

    Do I Need Workers’ Compensation Insurance?

    Almost every business in Utah is required to have workers’ compensation insurance. However, there are some important exceptions. For example, if you have no employees (including in the case of sole proprietorships, partnerships, and limited liability companies (LLCs)) you are not legally required to purchase this coverage.

    If you are required to have workers’ compensation insurance and you do not purchase it, there can be serious consequences. For starters, you could face a $1000 fine, a legal order to stop your business from operating in Utah, and loss of the “exclusive remedy” (this protects employers from getting sued for workers’ comp benefits).

    Worker’s Compensation Insurance FAQs

    How much is workers’ compensation insurance in Salt Lake City?
    The cost of workers’ compensation coverage varies based on different factors, such as:

    • Where the business is located
    • How many employees you have
    • The industry and associated risk factors
    • Coverage limits
    • Claims history
    • Payroll

    Based on all of these factors and more, the average tends to fall around $0.78 per $100 in covered payroll for employers in Utah.

    Do I need workers’ compensation insurance in Utah?
    Most businesses in Utah are legally required to carry workers’ compensation insurance unless they have no employees, including if they are sole proprietorships, partnerships, and limited liability companies (LLCs).
    Who pays the workers’ compensation insurance premiums?
    Employers are responsible for paying workers’ compensation insurance premiums in Utah with very few exceptions to this rule.
    How to obtain workers’ compensation insurance in Utah
    If you’re an employer in Utah planning to buy workers’ compensation insurance, you can begin by contacting different Salt Lake City commercial insurance companies, including ASA Insurance. Then, you can begin comparing quotes and coverage, as well as asking any questions you might have.
    Do you need workers’ compensation insurance for part-time employees?
    Yes, with very few exceptions, business owners in Utah with part-time employees need workers’ compensation insurance.
    How to save money on workers’ compensation insurance
    One of your most important steps is comparing policies from different providers. Next, your best move is doing whatever you can to reduce any workplace risks your employees face. To do this, we recommend regular safety audits, as well as supplementary safety training and programs, and other practices that keep your workers safe.

    We’re Not That Far Away!

    For all of your workers’ compensation insurance needs, ASA Insurance in Salt Lake City is just a phone call away! We’ve been finding commercial and personal insurance policies for our clients across Utah since 1950, and we look forward to doing the same for you.