Automatic Data Processing Insurance Agency, Inc. (ADPIA), an ADP affiliate, offers workers’ comp insurance for small business, as well as for midsize and large companies. ADPIA can help you find workers’ compensation coverage that meets your state requirements while protecting your company and employees if there is an injury at work. Contact us for help securing a policy with one of our top-rated carrier partners. Generally, workers’ compensation insurance requirements apply to businesses that have employees. If you are a sole proprietor without employees, you are not typically required to carry workers’ compensation insurance.
- ADPIA® licensed agents have been helping companies like yours find the right coverage to protect their business and employees.
- Internal survey of 589 ADPIA® clients in 2022 that used another insurance agent or broker or dealt directly with the insurance company before coming to ADPIA.
- 1 While premium deposits may be eliminated with most carriers, mandatory state assessment fees may be required in some states.
- Clients agree their annual audit has been easier to manage since using ADP’s Pay-by-Pay solution.
- The workers’ compensation audit is always between your business and your insurance carrier.
How do I get workers’ compensation insurance?
•Includes coverage for employees who drive their own vehicles while conducting business. •Covers employees who drive company cars for both business and personal use. Workers’ compensation (or workers’ comp or workman’s comp) helps protect your team and your bottom line. Contact us today for a quote and guidance from Automatic Data Processing Insurance Agency, Inc. (ADPIA®)1, an affiliate of ADP. Additional insureds are third-party entities that were not originally named on your workers’ compensation policy, and cannot be added.
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2 Must be an ADP Payroll client using RUN Powered by ADP® or ADP’s Workforce Now® and have a workers’ compensation policy brokered by ADPIA. ADP’s Pay-by-Pay Premium Payment Program is a payroll enhancement feature of ADP’s payroll processing services. Clients must be using ADP’s tax filing service to take advantage of Pay-by-Pay. Some material covers the offering of the ADP Pay-by-Pay Premium Payment Program.
ADPIA — a trusted partner in helping to protect your business
That said, sole proprietors should consider obtaining coverage, especially if they operate in a high-risk industry. Small business workers’ compensation insurance is a strategic investment that helps protect business owners and their employees in the event of a work-related incident. If your insurance is compliant with state law, an employee who receives workers’ comp benefits typically can’t sue you for their injuries or lost wages. Employers benefit from purchasing workers’ compensation insurance because it helps protect their business against potential lawsuits related to workplace injuries. Laws and regulations regarding workers’ compensation vary by state and circumstances. Employers should consult a licensed insurance agent to understand specific coverage requirements.
Finding the right business insurance just got easier
- I spoke with our ADPIA Licensed Agent on multiple occasions regarding my small group health policy.
- •Includes coverage for your business if it owns, leases or rents vehicles.
- That said, sole proprietors should consider obtaining coverage, especially if they operate in a high-risk industry.
Unless your state says 1099 contractors aren’t required to have coverage, it’s a good idea to include them in your policy. My ADPIA Licensed Agent is quick to respond to our requests and stays on top of any issues that may arise and has taken really good care of our account. If something doesn’t look right to her, she will reach out and confirm it. She looks for ways for us to get our value and shops for carriers that will provide us with good service at a fair cost. Pay-by-Pay may help you eliminate upfront deposits, improve cash flow by making accurate and automated payments and simplify your audits – directly impacting your bottom line.
Required by nearly every state, workers’ compensation protects both your employees and your business in the event of a workplace accident. ADPIA can help you navigate requirements, get coverage and advise you as your needs change over time. Each state has specific exemptions for those who don’t need to carry workers’ compensation insurance. Still, common exemptions include agricultural employees, domestic workers, real estate employees, and coaches for children’s teams.
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On-site Your carrier sends an auditor to your place of business to confirm the nature of your operations and collect your payroll documents for review. Homeowners insurance policy and mistakes to avoid in the process … An inflation guard add-on will automatically cover up to 125% of… Save time and enjoy more accurate premium calculations by integrating your policy through ADPIA with ADP payroll. Workers’ comp benefits aren’t available to employees for an injury or illness incurred outside of work, even during a commute to or from work. Also, benefits may not be available for employees who hurt themselves intentionally while on the job or experience a work-related accident while intoxicated.
What changes do I need to notify ADPIA about?
2 While Pay-by-Pay may reduce the administrative burden of the annual audit, the carrier reserves the right to perform a more in-depth audit, as outlined in your policy documents. automatic data processing insurance agency Clients agree their annual audit has been easier to manage since using ADP’s Pay-by-Pay solution. The answer to this question is complicated and depends on several factors.
Given all the energy invested in growing a company, making sure it’s protected matters. ADPIA® licensed agents have been helping companies like yours find the right coverage to protect their business and employees. A workers’ compensation claim can have a significant impact on a small business, primarily through increased insurance premiums. Insurers assess a business’s claims history, payroll figures and industry averages to determine premium rates. When a small business files a claim, it can lead to higher costs, sometimes equal to or even exceeding the amount paid in claims. This situation can be particularly challenging for small businesses, which typically have fewer financial resources to absorb the increases compared to larger companies.
It’s important to consult a licensed insurance agent to discuss unique coverage options that are most appropriate for your business. This may include cyber, commercial flood, employers professional liability insurance and others. Of clients prefer having their workers’ comp premium payments spread across their payroll cycle (vs. having an upfront deposit). Trusted by businesses nationwide, we provide insight, advice and support to help you find the workers’ compensation, business and group health insurance for your business and employees.
Automatic Data Processing Insurance Agency, Inc. (ADPIA®) can help. Get the guidance you need to choose the insurance that’s right for your business with help from Automatic Data Processing Insurance Agency, Inc. Learn how ADPIA helped Airtech Automotive fuel growth with a better workers’ compensation solution. You borrow because you believe in your future — that your degree will open doors, that you’ll land a job that makes the debt manageable. The job market changes, industries shift, and sometimes life doesn’t go according to plan. Whether you’re starting up a new business or re-evaluating your existing insurance, ADPIA has the knowledge, tools and resources to help you make smart choices.
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