Why Suppliers of Business Products Need Workers’ Compensation Insurance

Every business is legally required to have a BOP and workers’ compensation. Some companies obtain the minimum coverage to save money. As a business product supplier, you may be thinking of taking that route. However, your industry still contains risk for employee injuries, so you should include a protective workers’ compensation policy with your business supply insurance.

Who Qualifies?

First, you need to ensure you have the right base plan for your company type. Those who qualify for business product insurance include providers of the following services:

  • Office products suppliers
  • Paper distributors and stationery retailers
  • Furniture and machinery retailers and wholesalers
  • Computer systems dealers and installers
  • Telecommunication systems installers

Why Is Workers’ Compensation Necessary?

Although your industry may be lower risk than others, chances of employee harm still exist and accidents happen no matter how safe your business seems to be. Some of the risks found in your line of work include:

  • Repetitive motion injuries, such as for cashiers
  • Back problems from lifting and moving inventory
  • Slips, trips, and falls
  • Accidents while operating machinery

If any of these or other injuries occur, the workers’ compensation policy of your business supply insurance will protect you from legal and financial problems. You will have the coverage needed for medical expenses and income loss of your hurt employees and legal aid if the matter is brought to court. No business is exempt from the threat of injury and its consequences, so don’t discredit the importance of a solid workers’ compensation policy.