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Workers Compensation Insurance

Workers’ compensation insurance can cover financial obligations such as medical expenses, treatment and lost wages from a work-related accident. An employer faces significant loss exposure for liability arising from the injury or the death of employees. This exposure is largely excluded under other liability policies.

Why Do You Need Workers Compensation Insurance?

If your business does not offer workers’ compensation, serious injuries that occur on the job will become the responsibility of the business.  It is important to be aware that many states enforce strict fines and penalties for not carrying workers compensation insurance.

<span>What is Workers&#8217; Compensation Insurance?</span>

What is Workers’ Compensation Insurance?

Workers’ compensation insurance provides benefits to the employee if they suffer a work-related injury or illness.  Those benefits include:

  • Medical expenses
  • Lost wages
  • Death benefits
Who needs Workers&#8217; Compensation Insurance?

Who needs Workers’ Compensation Insurance?

Workers’ compensation insurance is required in most states.  If you choose not to purchase coverage, you are putting your business at risk for financial loss as well as fines and penalties for not complying with the law.  Any business that has employees, is in a state where insurance coverage is mandatory, or has exposure to injury or illness should purchase Workers’ Compensation Insurance.