Workers Compensation

Leverage Real-Time Risk Management™ for discounts up to 15%*

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Work Smarter and Be Safer with Real-Time Insights

Smart Equipment helps you take more control over preventable worker accidents using safety management insights. Identify training needs, monitor proper equipment usage, obtain operator scorecards, and stay ahead of OSHA requirements in real time.

Leif helps you work smarter with Real-Time Risk Management™ to promote better jobsite safety and save up to 15% on your worker's compensation insurance.

Our Contractor-Focused Approach to Workers Comp

As a contractor, you face challenges like:

  • Undergoing painful premium audits
  • Understanding the complexity of your experience modification
  • Finding safety resources to prevent injuries

As your workers comp partner, we'll anticipate these challenges and provide a deep level of support, service, and resources. We'll also help you improve safety with Real-Time Risk Management™

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Workers Compensation FAQs

Why does Real-Time Risk Management save me money on my workers compensation insurance?

Workers compensation is priced differently than other lines of coverage: your insurance carrier selects your initial price point based on characteristics such your business size, industry, longevity, and how your losses compare to other similar businesses on average. The key pricing factor specific to work comp is your experience modification, which is completely unique to your business and reflects your individual claims experience. Both the experience modification and your initial price point are heavily determined by your worker’s compensation loss history, therefore controlling your losses will directly affect your rate either favorably or unfavorably. Real-Time Risk Management™ gives you the Smart Equipment and tools you need to monitor, manage, and prevent employee injuries. Improve jobsite safety, prevent injury, reduce your E-Mod, and save money.

What is workers compensation insurance?

Workers compensation insurance provides medical, wage, and other financial benefits to employees who are injured or become ill on the job. This type of coverage is legally required for most construction businesses. Workers comp mandates and benefits vary by state.

What types of injuries or illnesses are covered under workers compensation insurance?

Workers comp insurance covers injuries and illness that arise in the course and scope of the claimant’s job. Many claims are cut and dry, but some require a claim investigation to determine their compensability. For example, a worker who cut his hand on a table saw would be clearly covered by the policy. But an employee who twisted her ankle jogging and then agitated the injury on the jobsite would likely not see the same level of compensability.

How does workers compensation insurance help me comply with state laws and regulations?

Workers compensation insurance is mandated for many businesses by state law. The requirements for the construction industry are generally stricter than others due to the high-risk nature of the work. It’s important to know that if a subcontractor performing work for you is injured, you may be liable for the injury as if they were your employee.

Is workers compensation insurance the same in every state?

No, workers comp insurance requirements are not the same every state. The laws and regulations that dictate which businesses must have workers comp vary by state. Your insurance agent can help determine whether you need a policy. You can also typically find your state’s requirements on the Department of Labor website.

Are owners and officers covered by workers compensation insurance?

Usually, owners and officers are covered by a business’s workers compensation policy by default. However, many states allow them to exclude themselves from coverage. The laws governing officer exclusion vary by state. They may permit officer exclusion for companies with less than a certain number of officers, or have guidelines for specific industries like construction and nonprofit. Your agent can help you navigate your options for officer exclusion.

How does workers compensation insurance affect my business’s ability to bid on and win contracts?

Your business’s history of workers compensation claims can impact your ability to bid on and win contracts. Every organization has an experience modification factor that compares its loss history to that of similar businesses in the industry. If your company has a better-than-average claims experience, your E-Mod will be less than one. If your claims experience is worse than average, it will be more than one. Many projects, including government contracts, require bidding contractors to have an E-Mod less than one.