Workers' compensation insurance

Workers' compensation insurance covers the cost of work-related injuries. It's required for Alabama businesses that have five or more employees.

Workers’ compensation insurance pays medical costs and lost wages for an employee's work-related illness or injury, and protects business owners from liability. It's required by law in almost every state for businesses that have employees.

Workers' compensation class codes are unique sets of numbers that help insurers determine the level of risk for different professions. Classifying employees correctly can help businesses avoid overpaying for workers' compensation insurance.

A rider is an insurance modification that adds extra protection to a policy and enables businesses to customize it to their specific needs.

An insurance renewal is the end of the term of your policy, at which point, you'll need to determine if you'd like to continue under the same policy with the same insurance carrier.

An expiration date is the day your insurance policy lapses. Your insurance coverage will typically end at midnight on your policy's expiration date.

A claimant is a person or business entity that files a claim to receive payment for a specific loss under the terms of an insurance policy.

The cost of design business insurance depends on the type of policies you choose. Insurers will also look at factors such as the design services you offer and your business revenue. Save money on small business insurance by comparing quotes from top-rated providers with TechInsurance.