Why Does My Treatment Center Need Workers' Compensation Insurance?

January 4, 2023 · 6 minute read · Commercial Lines

Blog Why Does My Treatment Center Need Workers' Compensation Insurance?

Workers' compensation insurance is essential for any business, especially in the mental health and wellness field. At Leavitt Coastal Valley, we provide comprehensive insurance services so that treatment centers and recovery centers are properly protected.

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If you run a treatment facility or recovery center, insurance for your business may be one of the last things on your mind. Your mind is on helping your clients achieve recovery, and that is exactly where your focus should be. However, it is critical to understand that the business side of your facility must be protected. One way to achieve this is to acquire workers' compensation insurance.

We understand the importance of providing proper care to your clients; consider the same provisions for your employees. The mental health and wellness field can be grueling, and it is not without the potential for injury, illness, or accidents. Ask yourself, am I protected? If the answer is no, ask yourself, why not?

Workers' compensation is a must-have for any business. The mental health and wellness field is no exception. Here at Leavitt Coastal Valley, we are uniquely qualified to address your workers' compensation needs. 

We are currently the 13th largest insurance brokerage firm in the U.S. We have a department and specialists who specifically work with the mental health field. With their background and experience, we are confident that we can provide you with the proper insurance you need to protect your interests. Therefore, we help you ensure your ability to continue helping those struggling long into the future.

What Is Worker’s Compensation Insurance?

The Centers for Disease Control and Prevention distill the definition of workers' compensation particularly well. They explain how “workers’ compensation systems were established to provide partial medical care and income protection to employees who are injured or become ill from their job. These systems also provide employers incentives to reduce work-related injury and illness.”

To further simplify workers' compensation, if your employee gets injured or falls ill on the job, they are entitled to compensation. The issue for the employer is that you are at least partially liable for that compensation. 

Imagine that an employee gets injured on the job, and requires significant medical care and substantial time away from work for rehabilitation. Can your business afford what could add up to considerable medical costs? What if you factor in paying for other employees to fill the temporary vacancy? If the answer is no, then you are putting yourself and your business in jeopardy.

Why Workers' Compensation Can Be Critical for Your Treatment Center

Your primary purpose as a treatment center or wellness facility is to help your clients get well. What happens if your facility becomes threatened financially? If you don't have the proper coverage, you jeopardize your ability to continue your mission.

Our team at Leavitt Coastal Valley does not want to see that happen to your business. We can lead you through the proper procedures to protect yourself. In doing so, you protect your employees, and even more critically, you protect future clients who are relying on you to help them get their lives back on track.

Protecting Your Interests and Your Employees

According to the Bureau of Labor Statistics, “Private industry employers reported 2.6 million nonfatal workplace injuries and illnesses in 2021," and “the incidence rate of total recordable cases (TRC) in private industry was 2.7 cases per 100 full-time equivalent (FTE) workers, unchanged from 2020.” Take that in for a moment. These are not insignificant numbers. 

There is a tendency for some businesses to believe that they are immune to employee injury or illness liability. After all, we trust our employees to be safe and honest. Unfortunately, you must expect the unexpected. The stress brought about by situations where incidents were not planned for can create division and financial harm within the business.

Workers' compensation insurance is one of the best ways to ensure that when an accident happens, your business is covered. You can be confident that your employee will be properly taken care of and compensated, without the fear of financial harm to your business.

Ensuring Your Future Through Insurance

Getting the right insurance can be intimidating. We know that some of the terminology and processes often feel foreign and overwhelming. Sadly, there are also bad actors out there.

Here at Leavitt Coastal Valley, we mitigate all of that anxiety for you. We have been effectively brokering insurance for over 70 years, and are highly regarded and accredited. You can trust us to ensure your coverage is sufficient and affordable.

A member of our team will take you through everything you need to know regarding workers' compensation insurance. We will ensure that you get coverage that meets your needs for a price that meets your needs. Additionally, we will take care of all your paperwork on our end while fielding any questions you have along the way.

Your primary purpose is helping others. Our primary purpose is to help you do it.

Get Started today

Failing to acquire workers' compensation insurance can leave you particularly vulnerable to financial harm. While the health and wellness field is focused on recovery, healing, and personal promotion, that does not mean that wellness centers are free from legal risk. Furthermore, it is important to think of your employees in these situations. You must be able to provide them with adequate compensation, care, and recovery time. Leavitt Coastal Valley is one of the few brokerage firms that focus directly on the behavioral and mental health field. This makes us uniquely qualified to help you protect your business and employees. For more information on workers' compensation for your treatment facility, please call us today at (805) 925-8607.