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Delaware workers’ compensation requirements state that if you have one or more employees, you must provide workers' comp insurance. Having the appropriate insurance coverage can protect you in a variety of ways.
Here are some things you can do to save money.
The first step is to get a workers’ compensation quote based on the estimated annual payroll for your business. You should try to get a few quotes and pick the one that offers the right coverage for the best price.
Then you’ll sign the papers and get a year of coverage. You will probably have a few options on how to pay your bills, either upfront or monthly. Some insurance companies also offer a pay-as-you-go option.
After the term is complete, your payroll is audited for accuracy. If your estimate was too low, you will get a bill; if it was too high, you could get a refund.
Workers' comp coverage also protects employers from legal action. This means that if an employee sues your business because of a workplace injury, the insurance will cover the legal costs of the case.
You can purchase a policy through any agent, broker, or company licensed to operate in the state.
Kickstand Insurance offers instant quotes so you can see your estimated premiums right away.
There are penalties for businesses that do not have appropriate workers’ compensation insurance in Delaware.
One of the most common consequences is the need to pay fines. This can be up to three times the amount you would have paid in insurance premiums.
On top of that, if an employee is ill or injured and you have no policy, you’ll be liable for all the lost wages and medical costs.
In Delaware, the children and spouses of deceased workers are eligible for death benefits. If there are no dependents, the money will go to the surviving parents or siblings if they depend on the worker for at least 50% of their support at the time of death.
The maximum burial allowance is $3,500. Families in the state can also receive the worker’s average weekly wage, with a minimum limit of $237 and a maximum benefit of $713 each week.
In this state, death benefits are available for an unlimited period. However, they stop if the spouse dies or gets remarried. Children receive benefits until they turn 18 or 25 if they are full-time students. Disabled children have no time limit on benefits.
Workers’ comp settlements can be paid in installments or a lump sum. The employee must agree to a lump sum payment if that is the choice.
The settlement amount can vary considerably based on the accident or injury, how it impacts the worker’s life, and other factors.
If you need to file a claim for workers’ compensation in Delaware, you have two years from the date of the illness or injury. In situations where occupational exposure is involved, you have up to a year to move forward.
Start by filling out a short online form about your business. We’ll use that info to get you an estimated quote. Then, one of our experienced agents will contact you to review the quote and make sure you are getting the absolutely lowest rate possible for your business. Once the quote is finalized, you’re ready to buy the policy - often with coverage starting that day!
Unlike other online insta-quote systems,
here your quote is reviewed by experts
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