The Key Differences Between USLH and Workers Compensation Plans

Running a business that operates on or near bodies of water means that you often cannot rely on traditional options to protect your assets. A standard insurance plan, for example, is not going to cover all of the specific situations your type of company is likely to encounter. To meet the unique risks of your industry, you need to look at the plans that are structured for your exact type of work. Take a look at how to go about selecting the correct workers’ comp plan and make the right choice for your company’s future.

The Overview

The main point to consider is how traditional workers’ compensation plans are not right for your type of business. Instead, you need to look into options like United States Longshore & Harbor coverage. The main difference between USLH & workers comp is in who the plans are aimed at. Any company that is located on or near a large body of water needs to take out USLH coverage instead of traditional workers’ comp in order to meet the regulations of their industries. Other areas of insurance to take into consideration can include: 

The Solution

By knowing the main differences between USLH and standard workers’ comp plans, you can best protect your assets from the unknown. Review the basics of this option and gain insight into whether this plan fits your exact needs.