Small Business Coverage and Peace of Mind
Minnesota is filled with natural beauty, from the sky blue lakes of the Boundary Waters Canoe Wilderness to the rocky banks of the Mississippi River. The Twin Cites region is a cultural hub in America’s heartland, home to world-class museums, orchestras, live theater, and sports teams. With the 8th largest per capita income in the country, residents of the “Land of 10,000 Lakes” have a dynamic economy based on agribusiness, food production, forest and paper goods, mining, retail sales, medicine and biomedical research, recreational product manufacturing, and other industries.
While Minnesota is home to some Fortune 500 companies, small businesses are the backbone of the state’s economy. There are about 20,000 small businesses in Minnesota, and they account for nearly half the private sector jobs.1 Since 1913, the Minnesota state law has required all companies, large and small, to carry workers’ compensation insurance.2
Workers’ compensation provides medical and partial wage replacement benefits to employees injured as a result of work-related tasks. It also limits the liability of employers. Workers’ compensation insurance is a “no-fault” system, which means that the employee does not have to prove that the employer is at fault for causing the injury or the situation in which the injury happened. Workers’ compensation insurance coverage provides many benefits for employees if a workplace accident occurs, including: wage compensation, payment for medical costs, compensation due to permanent physical injuries, and vocational rehabilitation services.3
Some of the other top industries purchasing workers’ compensation insurance in Minnesota include: auto repair services, restaurants, hotels, grocery stores, print shops, colleges, libraries, and doctors’ offices.
EMPLOYERS is America’s Workers’ Comp Specialist®, and it provides Minnesota-based businesses with workers’ compensation insurance that is cost-effective and affordable. The value-added services that EMPLOYERS offers its policyholders include Loss Control Services, Anti-Fraud Programs, and Managed Care Services.
Minnesota Workmans’ Comp Coverage You Need
Interested in learning more about how EMPLOYERS can help your Minnesota business? Request a quote for workers’ compensation insurance from EMPLOYERS!
Thousands of small businesses trust EMPLOYERS for providing cost-effective workers’ compensation insurance for over a century. With our competitive pricing, financial stability and dependability, claims service, safety training and risk advisory programs, EMPLOYERS remains focused on keeping America’s small businesses not only working, but working safely.
1. “Small Business Profile, Minnesota,” SBA Office of Advocacy, February 2011, www.sba.gov/sites/default/files/files/mn10.pdf.
2. “Workers’ Compensation—Failure to Provide Workers’ Compensation Insurance Coverage,” Minnesota Department of Labor & Industry, 2014, www.dli.mn.gov/WC/Failure.asp.
3. “Workers’ Compensation—General Information” Minnesota Department of Labor & Industry, 2014, www.dli.mn.gov/WC/General.asp.
In Minnesota, insurance is offered through Employers Compensation Insurance Company, Employers Assurance Company and Employers Preferred Insurance Company. Not all insurers do business in all jurisdictions.