As an employer, retaining employees is vital to the overall health of your business. Employees who feel appreciated and cared for are more likely to remain with an employer than those who feel underappreciated. Workers’ compensation insurance is a way to protect your employees from workplace injuries and illnesses. At U.P. Insurance Agency Inc. in Negaunee, MI, we have more than 30 years of experience and pride ourselves on providing personalized service and affordable coverage to our many customers.
Michigan has laws requiring employers to have workers’ compensation insurance. In 1912, Michigan passed the Workers’ Disability Compensation Act. The state has an agency that makes sure that this legislation is followed by all the employers who are mandated to. Most employers in the state fall under this act. It requires employers to provide benefits for those employees who are injured on the job.
For most companies, the easiest way to remain in compliance is with workers; compensation insurance. Employers do have other options, they may opt to self insure or join a group fund. But, no matter which option businesses choose, the workers need to be covered, compliance is monitored.
Employers who must have workers compensation insurance include:
- Private employers who have at least one employee who worked full time (35 hrs) for at least 13 weeks in the last year.
- Any private employer who had three or more full or part-time employees.
- Agricultural employers who have 3 or more employees who worked full time (35 hours) for at least 13 weeks in the last year.
- Householders who employ domestic help at least 35 hours per week for at least 13 weeks in the past year.
- All public employers
Workers compensation insurance is a good idea in Michigan because for most employers it keeps you in compliance with the law. Contact U.P. Insurance Agency Inc. in Negaunee, MI to discuss your coverage.