Filling the gap in your insurance portfolio
Workers compensation insurance is the largest gap in most Apartment Owners insurance portfolios we most commonly see. Apartment owners are constantly hiring contractors and are usually un-insured.
Workers compensation coverage can help protect both you and your employees after a work-related injury or illness. For the injured employee, workers compensation provides medical care, lost wages and more. For the employer, workers compensation provides a sole remedy, avoiding expensive civil litigation, plus peace of mind knowing your employees will get the help they need to recover and return to work.
Claim scenario we've seen:
- Apartment owner hires a person to clean a unit after a tenant had moved out.
- Person cleaning the unit has finger cut from broken glass falling.
- The Apartment Owner did not have workers compensation and was forced to pay $400,000 out of pocket.