Workers Compensation for Auto Dealers
LOST WAGES AND MEDICAL CARE
If you have any employees - even just one you are responsible for including workers compensation insurance (in most states) in your business insurance policy. This type of coverage exists to protect you, your business, and your employees in case any of them get hurt or sick while working for you.
EMPLOYER'S LIABILITY
The possibility of a law suit may seem unlikely, but there is every chance that you could be faced with one if you hire employees for your auto dealer. Workers compensation insurance is crucial to have so that you need not cover these legal costs by yourself or through your business assets. Your insurance will pay expenses associated with hiring an attorney for defense, an investigator to determine liability, court fees, and damages in case they are awarded to your worker.
FIRST DOLLAR DEFENSE
When you employ anyone in your auto dealer business, workers compensation is a legal requirement. It is necessary for providing medical care and lost wages in the event that someone is hurt or becomes ill in the course of working for you. Your insurance covers these costs.