If you own an auto dealership, you probably have considered purchasing a workers compensation auto dealer policy. Some states require that businesses purchase workers compensation policies, but if you happen to live in a state where it is optional, you may want to consider some of the benefits for offering workers compensation to your employees.
There are many risks that an auto dealership employee encounters each day while working. If an employee happens to accompany a potential customer for a test drive, for example, there is a potential for injury due to collision. If your dealership has a service center, inherent risks exist while using the tools for fixing automobiles. If an employee is injured while working at your dealership and decides to sue for damages, the resulting fees and settlements can be devastating to your business. If you decide to purchase a workers compensation auto dealer policy, your employees can receive the benefits that they need for recovery, which will protect your dealership from costly law suits.
Another benefit to purchasing workers compensation policies is the preventive benefits. Oftentimes, insurance providers will offer various resources and trainings that can help a business reduce injury risks in the workplace.
While it might be tempting to avoid a purchase that is not required, workers compensation auto dealer policies can offer great protection and benefit to your dealership.