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What are the Top Workers’ Comp Claims in Real Estate?
Posted on: April 30, 2015 by Newmark Insurance
Working in the real estate industry is not thought of as an inherently dangerous job. When people hear the term “workers’ compensation,” they likely think more along the lines of construction workers, police officers, and other professionals who are exposed to obvious risks on a daily basis. However, although real estate risks may not as be as obvious or as detrimental, they still can create a costly problem for real estate firms, which is why it’s essential to have the right Real Estate Workers’ Compensation Insurance policy in place.
Why should you invest in a good workers’ comp policy? First of all, in almost every state it is a required coverage for any company with 1 or more employees. Secondly, this coverage allows employers to pay for certain expenses should one of their employees injure themselves while on the job. These expenses include medical bills, a percentage of lost wages, and any other relatable costs.
When will this coverage come in handy? Although real estate agents are not exposed to obvious risks like other industries, simply working in an office or transporting a client to or from a home showing could create an injury exposure. Below are a few of the top workers’ comp claims in real estate, in no particular order.
Slip or Trip and Falls
Sure, you may think this only happens to the elderly. But imagine you are showing a home whose tile floors have just been waxed, and you step onto the floor not knowing this, thus slipping and falling.
Carpal Tunnel Syndrome
This is a surprisingly common condition amongst office workers who use repetitive motion every day, such as continuous use of a computer from typing.
The real estate industry is one where transportation is frequently used for business purposes. If an automobile accident occurs, which is actually on the top list of injuries for general workers’ comp claims, the driver’s employer could be held liable since the real estate agent was on the job.
These are just some of the top workers’ comp claims in the real estate industry. At NewMark Insurance, we work with several Workers’ Compensation insurance carriers throughout the country and can secure a policy for you while at the same time seek to lower your costs. For more information, please contact us today at (855) 777-6549.