Workers’ Compensation

Ohio Workers Compensation Insurance

L. Calvin Jones & Company, located in Canfield, Ohio offers Workers Compensation Insurance for out of state exposure. Without a great Workers Compensation insurance program you may be overpaying and under insured.

Workers’ compensation, also known as Workmans’ comp, is a state-mandated insurance program that provides compensation to employees who suffer job-related injuries and illnesses. While the federal government administers a workers’ compensation program for federal and certain other types of employees, each state has its own laws and programs for workers’ compensation. For up-to-date information on workers’ comp in your state, contact your state’s workers’ compensation office. (You can find links to the appropriate office in your state on the State Workers’ Compensation Officials page of the U.S. Department of Labor’s website.) In general, an employee with a work-related illness or injury can get workers’ compensation benefits regardless of who was at fault — the employee, the employer, a coworker, a customer, or some other third party. In exchange for these guaranteed benefits, employees usually do not have the right to sue the employer in court for damages for those injuries.

Workers compensation insurance protects the key players on your team – your employees. You count on them for the service, knowledge and expertise needed to move your business forward; they count on you to take care of them if the unexpected happens.

Workers’ Compensation insurance can help if:

  • An employee is injured in an auto accident while running errands for the company
  • An employee develops carpal tunnel syndrome from working on the computer
  • An employee gets hurt while restocking the grocery shelves
  • Pays for an injured employee’s medical treatment
  • Replaces part of lost wages if a job-related injury requires time off workWill protect your business and assets

L. Calvin Jones & Company can help you find the Workers’ Compensation coverage that fits your company and we will recommend ways to improve job safety, control losses, and lower your claim costs. Most importantly, we want to protect the people who work for you.

Workers’ Compensation insurance Coverage A is one of the most important aspects of your business insurance program.   If your business has employees you will want to contact your business insurance professional at L. Calvin Jones & Company. You will also want to provide your business insurance professional with a complete picture of your company structure.  We will need the number of employees, your estimated payroll and their job classification.

Workers Compensation Coverage B provides coverage to employees when the employer is liable. This type of workers’ compensation is also called Employers’ Liability Coverage. It covers for example:

  • Bodily Injury By Accident – $100,000 each accident
  • Bodily Injury By Disease – $500,000 policy limit
  • Bodily Injury By Disease – $100,000 for each employee

The standard policy consists of parts A and B. Employers are required by law under the Workers’ Compensation Act to provide coverage for their employees.

Some of the most frequently asked Workers’ Compensation Insurance Policy Questions that L. Calvin Jones & Company can answer are:

What is workers’ compensation insurance and why do employers need it?

A: Workers’ compensation insurance is a no-fault benefits system where employers obtain insurance that covers the cost of medical care, physical and vocational rehabilitation, medical equipment and lost wages for workers whose job-related accident resulted in injury, disease or death. Your policy coverage provides protection against liability arising under the Maryland workers’ compensation law.

Employers are required by Maryland law to obtain workers’ compensation insurance from a licensed insurance company. (With prior approval from the Workers’ Compensation Commission, larger employers can be self-insured for workers’ compensation.)

How do I obtain a policy?

A: Obtaining workers’ compensation insurance coverage with IWIF is fast and easy. Maryland businesses have the choice of utilizing the professional services of over 1000 agents throughout the state to place their coverage with us or they can deal directly with IWIF to obtain a quote and coverage. Whether you choose to work with an agent or deal directly with IWIF, your premium is the same; there is no additional cost to utilizing the services of an agent.

IWIF Direct Quote

Please call 1-800-264-IWIF (4943), Monday – Friday, 8:00 a.m. to 5:00 p.m. to speak with a Customer Service Professional in our Call Center. The Call Center will request preliminary information regarding your business operations and forward the information to an IWIF underwriter. The assigned underwriter will then contact you directly for any additional information required to develop a premium quotation.

What does my policy include?

A: Every IWIF policy includes free services to help you maximize your coverage. They include:

  • Free policyholder seminars that offer money-saving advice for reducing premiums, injuries, fraud and more.
  • Free loss control services and safety materials for the workplace
  • Fraud prevention/investigation
  • Legal services regarding claims
  • Responsive injury reporting
  • Expert claim services
  • Convenient online eServices

What information do I need to provide in order to get a quote?

A: You will be asked to provide the following information:

  • Name of your business
  • Details of what your business operation is
  • Your Federal ID number
  • Social Security numbers of owners/officers
  • Prior loss history
  • Total payroll
  • Number of employees
  • Prior coverage

Before a workers’ compensation insurance policy can be issued, IWIF underwriters must first evaluate your business operation, or “risk”, as it is known in the insurance industry. Much information is analyzed by IWIF underwriters who possess the expertise and experience to accurately identify exposures, appropriately classify risks, investigate prior loss experiences, calculate premiums, and determine terms of a policy. At IWIF, our underwriting professionals strive to provide unsurpassed excellence in the art of underwriting in order to ensure appropriate pricing for each risk.

Can company officers or employees exclude themselves from coverage?

A: Under Maryland law, (1) any officer of a close corporation whether incorporated in Maryland or elsewhere; (2) any member of an LLC; (3) any member of a P.A.; or (4) up to five officers of any other corporation, can elect to exclude themselves from Workers’ Compensation coverage. Sole Proprietors and Partners are automatically excluded and must elect to include themselves.

What is employers’ liability?

A: This coverage protects an employer in those cases when an employee files suit against the employer in lieu of accepting workers’ compensation insurance benefits. The statutory Limits for employers’ liability coverage in Maryland are: $100,000 per accident, $500,000 per disease and $100,000 total limit.

How is my premium calculated?

A: Your premium is calculated by assigning a business classification code (or combination of codes) that best describes your operations. Each code represents a rate per $100 of payroll that is multiplied by your total estimated annual payroll for that code. Other factors may affect the calculation, such as your business’s safety practices and experience modification.

What is an experience modification?

A: An experience modification, or “e-mod,” allows for an adjustment to your premium rate. It reflects your claims history compared to other businesses in your classification. Premiums are adversely affected if losses are worse than average; premiums are positively impacted if the experience is better than average.

What is Other States Coverage and when do I need it?

A: Coverage for Maryland employees working in other states on an incidental basis is provided under your basic IWIF policy. Employees assigned for extended periods of time or permanently located in another state require a separate policy. If you need other states’ coverage, please contact an IWIF underwriter or your insurance agent.

Who do I contact if I have questions about my bill?

A: Our Customer Service Center is available to explain your bill, give you a balance, and help you with any other billing question you may have.

It is easy to get a quote and to get the above questions answered.  Simply fill out this short form attached and we will get back to you with a surprisingly affordable Workers’ Compensation Insurance Quote from one of the many insurance companies that L. Calvin Jones & Company represents.

If you would like a quote for your Workers Compensation insurance program, please give L. Calvin Jones & Co. a call at 330-533-1195.