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At Turner Barker, we can help you understand your obligations under the state Workers' Compensation laws and provide a policy that best meets the needs of your company and your employees.
Workers' Compensation and Employers Liability insurance covers occupational injuries as required by the workers' compensation or occupational disease laws of any state listed in the policy. The coverage applies to bodily injury by accident and by disease, and the benefit limits are generally those established by state law.
Coverage & Premium Considerations
Premiums are developed from estimated
annual payroll based on rates per 100 for specific industry classifications
and are subject to audit adjustment. Overtime portions of wages should not
be part of premium calculations. Individual proprietors are not included
for coverage unless specifically elected. Officers of a corporation are
included but may elect to waive benefits if owning 20% or more of stock.
All policies contain limitations and exclusions. This description is general in scope and the specific policy language must be referred to in actual determination of coverage. Please consult your account advisor with questions.
Turner Barker Insurance is a subsidiary of Gorham Savings Bank.
Insurance products are offered through Turner Barker Insurance.
Product offerings and insurance sold are not deposit obligations of, nor
guaranteed by the Bank and are not covered by Federal Deposit Insurance.
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