Does your organization want skilled affiliation insurance? from biBERK company insurance – GlobeNewswire

Omaha, NE, December 19, 2021 (GLOBE NEWSWIRE) – Does your business need professional indemnity insurance? If you have employees, you almost certainly have it. In technical jargon, known as workers' compensation insurance, and sometimes also referred to as workers' compensation insurance or workers' compensation insurance, this cover protects employees in the event of injury or illness at work. The financial support it provides can be crucial in helping them relax and get back to work.

What is professional association insurance?

The professional association insurance covers costs in connection with work-related injuries and illnesses. It is an important employee benefit that in most cases is required by law and that may provide payment for:

  • Medical supplies
  • Loss of wages while recovering from an insured accident or illness
  • Funeral expenses if the person dies from injury or illness

If you have any questions about insurance coverage for your company, you can contact our insurance experts by email or telephone.

Why take out professional association insurance from biBERK?

When it comes to something as important as protecting your employees and their families, you want to partner with a company that knows about worker insurance and has a history of providing exceptional service to small businesses.

biBERK is part of the Berkshire Hathaway Insurance Group, with all of our major insurance subsidiaries from A.M. were rated A ++. Best Company and AA + from Standard & Poor’s Corporation. That means they have superior financial health and operational performance. Berkshire Hathaway Insurance Group has millions of satisfied customers, 75+ years of insurance experience, and $ 38 billion in claims paid in 2020.

In short, you can count on biBERK to protect your employees and your company like so many other companies do.

What does the cover cost? Get details about your business with a Workman & # 39; s Comp offer.

What will it cost to cover your employees? You can find out in minutes by requesting a factory billing quote online. The rate varies based on a few key factors. One is your entire payroll. The higher your payroll, the more you pay for employee compensation. Your industry and the type of work your employees do are included in your costs as well as your claims history.

To give you a general idea of ​​what you'll be paying, the average cost of disability insurance per $ 100 of wages ranges from $ 0.75 in Texas to $ 2.74 in Alaska.

If you opt for disability insurance for your workers through biBERK, our direct-to-you model eliminates the middleman and saves you up to 20% compared to other insurance companies. Even if you don't make your purchase online right away, a handyman estimate can help you budget the cost so you can purchase your policy before hiring your first employee.

How quickly can I take out professional association insurance?

The situation of every company is different. But you can potentially get professional indemnity insurance in minutes.

How does the professional association insurance work?

Let's say your employee is injured in some way at work. For example, you could:

  • Slip on ice on your sidewalk and break your wrist
  • Suffering a head wound from a box falling off a shelf in a storage room
  • Experience carpal tunnel syndrome that requires surgery due to poor writing habits
  • Get a cut that requires stitches while using machines

The professional association can cover the treatment costs. If the employee then has to be released from work because of the injury, your employee compensation insurance can help to cover his loss of earnings.

Does biBERK offer professional indemnity insurance in my state?

When it comes to small business insurance, we offer policies in every state in which we are eligible. (In some states, only a designated government agency may offer professional indemnity insurance.) See our state coverage maps for more information.

Frequently asked questions about trade association insurance

Our insurance experts are always at your disposal. However, below you will find answers to some of the most common questions we are asked about public liability insurance.

What does the public liability insurance not cover?

Disability insurance does not cover injuries that occur outside of work or, in most states, while commuting to or from work. It also does not cover injuries resulting from drug abuse, poisoning, or intentional injuries.

What is a company audit for workers?

Your entire payroll will help determine the cost of your worker's disability insurance. A Workman & # 39; s Comp Audit is an industry standard process where we review the payrolls that you provide to us after your policy expires to ensure you are not paying too much or too little for your insurance coverage. If your actual payroll is higher than what was estimated when the policy was taken out, you will receive an invoice for the additional premium due. If this is lower, you will receive a premium refund (subject to compliance with the minimum premiums).

How do I know if my company needs to take out workers' compensation insurance?

If you have employees, you will likely need employee compensation. Our insurance experts can give you an insight into the requirements or you can visit our page for the countries served for more information.

Do I have to take out professional association insurance as a self-employed person?

If you are self-employed and no employees work for you, you usually do not need to take out professional association insurance. However, some business contracts may require you to have insurance, and employee compensation can also help protect your income if you get injured or sick as a result of your work.

The professional association insurance offers unaffordable security

In addition to the financial protection that professional indemnity insurance offers and avoiding the fines / penalties for failing to comply with state laws, most business owners find this a valuable security. Knowing that your employees can get financial support in the event of an injury or illness at work allows you and them to focus on their work.

About the biBERK business insurance

biBERK can help you with all of your small business insurance needs including: commercial vehicle insurance, general liability, property and liability insurance, roof coverage and workers compensation insurance.

Media contact:
Rakesh Gupta | 402-408-2870

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