Worker’s Compensation insurance protects your employees and your company from work-related accidents, illnesses, and even death. In the event of an accident, worker’s compensation will protect your employees, while shielding your construction business from the possibility of liability for employee injuries.
Almost every state requires employers to have insurance that will cover medical costs and lost wages for workers who become ill or injured on the job. If you don’t possess workers compensation insurance, you could be held liable for these costs, fines or penalties by the state.
Even in the safest workspaces, injuries can happen. As an employer, you are responsible for your employee's medical costs if they suffer a job-related injury, regardless if your employee has health insurance. Your employee is also entitled to a chunk of their regular wages while they are unable to work due to their illness or injury. If you have workers’ compensation insurance you can easily cover these costs, if you don’t, you will be paying these costs and fees out of pocket.
In the construction industry, workers compensation claims come in every day. If one of your employees is injured or becomes ill as a result of their job, workers’ comp benefits cover the costs of getting them well and back to work, including:
Workers’ compensation doesn’t just benefit your employee, it also protects you from financial losses in the event an employee injury becomes a lawsuit. You can get your employees the care they need to get back to work while protecting your business from headaches and costly lawsuits.
In the construction industry, your employees risk their safety simply by showing up for work. Prevent accidents from happening by emphasizing a culture of safety and be prepared for accidents with workers’ compensation insurance, so you can take care of the people who work hard for you.
General contractors and project owners can protect their investments in a construction project during the course of construction with the right contractor’s insurance policy in place.
Employers’ liability protects the insured from employee injury related lawsuits up to limits of coverage:
Yes, all business owners need employers’ liability insurance. It is included on most policies because it is legally required in most states. Here are the most common causes of employers’ liability lawsuits:
Loss of Consortium – This is generally filed by a spouse; the injured employee is no longer able to engage in marital relations due to the injury.
Third Party Over Actions – when a 3rd party sues your business for contributory negligence after your employee files a lawsuit against them.
Consequential Injuries – typically this claim comes from family members or spouses who claim bodily/psychological injuries as a consequence of the employee’s injury.
Injured Workers Rejects Workers Compensation – Some states allow injured employees to reject coverage and file suit for damages due to negligence.
If you're running a contracting service, you most likely currently know how easily things can go wrong. From broken equipment to injured employees, and everything in between, building and construction is a hazardous industry where accidents happen every day. Being so, there are few things more vital to your contracting company than insurance that will cover you totally when hard times fall. So if you're trying to find the best possible license bond in Des Moines, IA, you’ve arrived - put your company in the capable hands of Pascal Burke Insurance Brokerage today!
General liability insurance gives you the peace-of-mind that your business assets are protected against risks or unforeseen events.
If one of your employees is injured or becomes ill as a result of their job, worker’s comp benefits cover the costs of getting them well.
This is a legal obligation that guarantees you'll perform your work according to your contract while adhering to the regulations of your license.
Extend your insurance, so you are covered in case a client requires higher liability insurance or protect against a high-dollar incident or claim.
Many contracting insurance brokers have business diplomas and briefcases - they might understand the stats, however they don't have the facts. When you select Pascal Burke Insurance Brokerage, Inc., you're drawing from decades of experience in the building and construction industry. Having been in the field ourselves, we know your insurance needs like the back of our hands - hands that are still calloused from the work you do everyday. Some things just can't be taught - they must be lived. So, if you want insurance coverage brokers who'll treat your company as they would their own, we're the ones for you. Let's build something.
In 1974, our founder and president Pascal Burke began his career in construction as an architect’s apprentice, but his heart was in building so he joined a large concrete company, building parking structures and sports stadiums, After a few years he began his own construction company specializing in parking structures until 2005, he then joined the board of directors of an insurance company that specialized in contractors general liability. After 4 years, he began Pascal Burke Insurance Brokerage, Inc. Since this beginning we have specialized in contractors’ insurance and are licensed in over 40 states. We truly know contractors from the ground up!
Des Moines is the capital and the most populous city in the U.S. state of Iowa. It is also the county seat of Polk County. A small part of the city extends into Warren County. It was incorporated on September 22, 1851, as Fort Des Moines, which was shortened to 'Des Moines' in 1857. It is located on, and named after, the Des Moines River, which likely was adapted from the early French name, Rivière des Moines, meaning 'River of the Monks'. The city's population was 214,133 as of the 2020 census. The six-county metropolitan area is ranked 83rd in terms of population in the United States with 699,292 residents according to the 2019 estimate by the United States Census Bureau, and is the largest metropolitan area fully located within the state. A portion of the larger Omaha, Nebraska, metropolitan area extends into three counties of southwest Iowa.Wikipedia