Welcome to Rio Grande Insurance
THE ONLY PLACE WHERE INSURANCE UNDERSTANDS YOUR BUSINESS NEEDS
In the business world you would never go without professional advice in legal or tax matters.
At Rio Grande Insurance we give advice regarding insurance matters to businesses just like yours.
Business insurance is all about protecting your people, your place of business, and your customers from the unthinkable.
We are ready to help you find the protection you need for your business even if you have international exposures. You can count on us for more.
When we promise something, we deliver.
Do you know that you are required to have workers’ compensation insurance?
Workers' compensation is a mandatory type of business insurance that provides employees who become injured or ill while on the job with medical coverage and income replacement. It also protects you from being sued by employees for job-related or workplace conditions that caused such an injury or illness. Speaking of employees, here's a potential trap to be aware of and avoid: under most state's workers' compensation laws, you might have employees you don't know about. That's because most states will treat an uninsured contractor or subcontractor as your employee if he or she is injured while doing work for your company.
Workers' comp coverage provides some of these benefits (medical expenses, death benefits, disability, lost wages, rehabilitation) for employee job-related injuries or diseases as a matter of right (without regard to fault). This type of business insurance is usually purchased by the employer from an insurance company, although in a few states there are monopolistic state funds through which the insurance must be purchased.
Failure to carry workers' compensation insurance or otherwise meet a state's regulations in this regard can leave an employer exposed not only to paying these benefits out of pocket, but also to paying penalties mandated by your state.