Workers Compensation Insurance
"Injured workers suffer financially and in the long term, emotionally. Loss of income can eventually lead to loss of self-esteem, sanity, and at times, a loss of life."

Is your company protected?

Accidents on the job can happen to anyone. Workers' compensation insurance will protect your business while on the job. A lot of states require companies to have workers' compensation, but it also improves the financial security of your business.

MPAY and The Hartford have teamed up to create an automated workers compensation payment service for your clients. The program allows you to pay your workers' compensation as they process payrolls throughout the year. The Hartford's workers' compensation plan improves your cash flow and eliminates down payments.

Overview of the Hartford

  • Improves Cash flow
  • Eliminates down payments
  • Premium calculated on actual payrolls
  • No checks to write
  • No finance fees
  • Minimal Audits
  • Convenient
  • Competitive pricing
  • Leading edge products
  • Well recognized insurance partner

The benefits of The Hartford's ExactPay

  • Saves time and money
  • Works with current budget rather than on projected payroll enabling small businesses to benefit
  • No monthly billing
  • "One Stop Shop" Everything that you need in one place
  • More than 190 years of financial stability
  • Competitive insurance rates
  • Responsive service from educated insurance experts
  • Excellent loss control/safety resources
  • Superior claims with a 24 hour toll free number.

Frequently Asked Questions

Q: What does workers' compensation insurance do?
A: Workers' compensation pays for the rehabilitation, recovery and medical bills of employees work-related injuries, as well as lost time when they are unable to work because of a work-related injury. Workers' compensation is not a substitute for health or medical insurance, since employees are only covered for on-the-job injuries.

Q: How much does workers' compensation insurance cost?
A: Workers' compensation pricing is based upon your employee payroll, the number and job classification of the employees, classification of your business and past loss experience. The employer pays for the cost of the workers' compensation.

Q: Where do I buy workers' compensation insurance?
A: Almost all sates are "open market", which means the coverage is underwritten by a private insurer; and some states are "closed" or "monopolistic" - the coverage is underwritten by a state-sponsored fund (ND, OH, WA, WV, WY). In states that are open, rates can vary between insurance carriers depending on the type of business the carrier is attempting to attract. In an open market, the rates for workers' compensation are competitive.

Q: When do I need to buy workers' compensation insurance?
A: In most states, workers' compensation is required when you have one or more employees. There are a few states that do not require employers to carry workers' compensation coverage.

For more details or information on The Hartford, click here!

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