The Importance of Workers’ Compensation Insurance

Workplace accidents happen—keep your business and employees protected with workers’ compensation coverage.

Are you having trouble finding affordable workers’ comp insurance for your small business? Southpoint can help you evaluate your coverage, manage losses, and lower your premiums.

What Workers’ Compensation Covers and Why You Need It

Depending on where your business is located, state laws require workers’ compensation insurance with few exceptions. Regardless of state requirements, as a business owner, it is always a good idea to protect your business. This is especially true if your line of work poses a significant occupational risk to your employees. Employees are much more likely to be injured on a construction site than at a desk.

Workers’ compensation coverage only applies when an employee’s injury or illness is directly related to their job duties. Common workplace injuries and illnesses include:

  • Slip-and-fall accidents
  • Repetitive injuries like carpal tunnel syndrome
  • Machinery accidents
  • Injuries from falling objects
  • Strains from overexertion or overuse
  • Respiratory issues caused by dust or toxins

When one of these workplace injuries occurs, employees can file a claim and get their medical expenses, rehabilitation costs, and lost wages reimbursed. In some instances, an employee may go one step further by suing your business for negligence, which could turn into a financial headache. Luckily, employers’ liability coverage is usually included in your policy to cover defense costs and settlements.

Person with an arm cast accepting a workers' compensation claim payment from an insurance professional

Introducing CompWerks: Online Workers’ Compensation Quotes

Do you want to save 20% or more on your workers’ compensation premium? You don’t have to fill out a stack of paperwork or spend hours on the phone with an agent—you can get an affordable quote in around five minutes. Our online quote calculator, CompWerks, uses a few details about your business to generate an instant quote from one of our trusted workers’ compensation carriers.

How Does Our Online Quoting Tool Work?

Southpoint noticed that our clients were jumping through too many hoops to get affordable workers’ compensation coverage. That’s why we created a fast, user-friendly online quoting tool that lets you skip all the unnecessary steps.

You start by sharing a few key details about your business, including your industry and the type of work you do. Then, you fill out some information about your employees and their roles. After you fill out our short questionnaire, CompWerks automatically generates a real quote from Accident Fund Insurance Company of America or CompWest Insurance Company.

You never have to worry about getting a quote from an untrustworthy company. Our agency has been working with our affiliate partners for decades, and we stand by their excellent coverage and financial strength. But if you need more information about our carrier partners or your quote, you’re always welcome to give us a call.

What You Get With a CompWerks Quote

When you choose a quote from CompWerks, you get more than an insurance policy. You also get:

  • A year of free access to ThinkHR: Workers’ compensation insurance is a great way to protect your risks, but we encourage you to go one step further. Our HR software tool, ThinkHR, helps you proactively manage your risks and stay up to date with compliance and employment laws. We offer CompWerks clients a full year of free ThinkHR access, which comes with exclusive content, support from certified HR advisors, and employee handbook solutions.
  • Support from the Southpoint team: When you purchase a quote from CompWerks, you get the best coverage from a reputable insurance carrier combined with the exceptional service Southpoint is known for. Whether you need to update your policy or file a workers’ compensation claim, our team is here to walk you through the process.
  • Privacy and peace of mind: When you share your information with us, you never have to worry about us giving it to other companies. We keep your information confidential and only use it to generate quotes. Plus, you can be confident that you’re getting the best coverage at the most affordable price because we only partner with top-rated carriers.

Get Your Workers’ Compensation Quote in Minutes

Southpoint understands how frustrating it can be to find good, affordable workers’ compensation coverage. That’s why we offer CompWerks: an online quoting platform that generates real quotes from two trusted carrier partners in just a few minutes.

Protect Your Business With Workers’ Compensation Insurance

As a small business owner with more than a few employees, you know you’re required to have workers’ compensation coverage in your state. But where can you purchase workers’ compensation insurance, and how will you know if you’re getting a good deal?

Luckily, because coverage is mandated by law, there are regulations in place to guarantee coverage regardless of your business type and risk. Workers’ compensation insurance costs can vary by insurance carrier, business location, and claims frequency, so it’s best to consult an insurance agent to help you navigate your coverage.

At Southpoint, we want to find you the best deal without sacrificing coverage. We know what our insurance company partners can offer and how to find the best fit for your workplace. Plus, over the past 50 years in business, we’ve learned that the best way to lower your workers’ compensation premium is by making your workplace a safer place and reducing claims. That’s why our risk management experts offer loss control services to your business. Our goal isn’t just to find you a good deal on your coverage—we want to keep costs low for years to come.

Contact us to learn more about our loss control services and how we can help lower your workers’ comp coverage costs.

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