Workers Comp Insurance and Life Insurance for Frederick and Maryland

Workers comp and life insurance from a trusted source

Every business must have workers comp insurance to protect employees and employers in the event of a work related accident. The law requires employers to purchase workers comp insurance that provides an exclusive remedy for accidents at work, whether someone is at fault or not.

If you have a business in Bethesda, Frederick, Gaithersburg, Maryland or Rockville you can get workers comp insurance from an independent agency such as Lowe-Tillson. They know the ins and outs of workers comp and will assess your risks in order to evaluate your workers compensation needs. This way you get insurance matched to your needs. The amount of insurance you need depends on factor such as accident rates in your industry as well as your own safety track record.

With the right workers comp insurance you know your employees are covered for medical expenses, rehabilitation costs, a percentage of lost wages as well as disability cover. An employee then cannot sue you for greater compensation.

Another important insurance component is life insurance. The fact is life insurance is inexpensive and there is no excuse not to plan for the unexpected. This way you can ensure that your loved ones are taken care of should you no longer be around or able to take care of them. Life insurance comes in two main flavors, namely term life and whole life. Term life will cover your life and disability for the agreed term of the policy. This is a good option if you are starting out and need life cover in case the unexpected happens. Whole life will cover for as long as you pay the insurance premiums. You can also add an investment component, which means your life insurance policy will accrue a cash value over time. You can access this cash value and use it for whatever purpose you need. If you decide to surrender your policy, the cash value will be paid out to you.