What are the benefits of hiring a Hiscox workers compensation broker? These brokers can help you choose the best workers compensation coverage for your company. Insuring your business with Hiscox will reduce your administrative burden and offer you peace of mind. The following information will provide you with an overview of the benefits and features of your plan. The coverage limits, available states, and employees covered by your policy are all discussed in this article. We'll also discuss the limits of BOP policies.
Business owner's policy (BOP)
If you're considering purchasing a Business Owner's Policy (BOP) for Hiscox Workers Compensation, there are a number of factors to consider. Not only do you need the coverage for workers' compensation, but you also need to protect your commercial property and income. BOPs also protect businesses against bodily injury lawsuits and protect employees and visitors. The cost of the policy depends on several factors, including the type of business you're starting and the size of your business.
Limits of policy
A Hiscox workers comp policy can vary in terms of limit. The coverage of a policy may include a variety of different options, and its limits will vary depending on your business. Many workers comp policies start at $300,000, but you can increase this amount during the policy's life. If you're unsure of which option will work best for your business, contact an expert. Many insurers offer limits of $500,000 or higher, and Hiscox is no exception.
Available states
Hiscox is an international small business insurance provider that offers state-mandated workers' compensation insurance in most U.S. states. Hiscox policies cover the medical expenses of injured workers, as well as wages and access to medical professionals. You can also add additional coverage to your policy if you're an owner-operator. Hiscox's workers' compensation insurance coverage can be tailored to the needs of your business.
Employees covered by policy
Hiscox offers a wide range of small business insurance products, including a workers compensation policy for employees. The company was the first to offer online workers comp insurance. Their clients include small professional service businesses with 10 or fewer employees, home offices, and knowledge-based industries. Other popular options include cyber insurance and general liability insurance plans. Hiscox claims to cover more than 400,000 small businesses. For a comprehensive view of the company's offerings, you should visit their website.
Cost of policy
The Hiscox workers compensation insurance policy is relatively cheap compared to other insurance plans. Hiscox offers coverage for a wide variety of industries and professions, and premiums start at around $20 a month for general liability and professional liability policies. Business owners' policies are more expensive, ranging from $40 to $65 per month. Hiscox also offers a 14-day money-back guarantee. Its website also includes sample quotes.
