Worker's Compensation Insurance
In Rhode Island, businesses that employ three or more employees are required to carry workers compensation insurance. (Except agricultural employment with fewer than 10 employees, certain sawmill and logging operations and all domestic employees are exempt.) This type of insurance is designed to provide benefits to employees who suffer job-related injuries or illnesses, covering medical expenses, a portion of lost wages, and rehabilitation costs if necessary. The Rhode Island Industrial Commission is the state agency that oversees the administration of workers' compensation laws in the state. Employers who fail to provide workers' compensation coverage as required by law can face severe penalties, including criminal charges.
The specifics of workers' compensation insurance in Rhode Island follow a no-fault system, meaning that injured employees can receive benefits regardless of who was at fault for the injury or illness. However, certain exceptions do apply where benefits may be denied, such as if the injury was self-inflicted, the employee was violating company policy, or if the worker was under the influence of drugs or alcohol during the incident. In the unfortunate event of a worker's death due to a job-related injury or illness, death benefits are available to the worker's dependents. The system aims to protect both workers and employers, providing necessary financial assistance to injured employees while also protecting employers from potential lawsuits related to workplace injuries.
Make Sure Your Business Is Protected
Finding and buying the insurance that meets the unique needs of your business can be easy when you work with our experienced team. We understand that your business is one of a kind and needs specific protection
When you work with Eddie Insurance Agency you’ll receive:
- Competitive quotes from the multiple insurance companies we represent. Straightforward advice from our business-savvy agents, so you can confidently select and conveniently purchase the coverage your business needs at a price that makes sense for your balance sheet
- Ongoing support from a company you trust to help make sure your coverage is up to date as your business changes
Please have your current policies available when you call.
Let Eddie Insurance Agency help you understand and protect all of the risks you could potentially face. We will do this with a well-thought-out and executed business insurance policy designed just for our Workers Comp Insurance policyholders.