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.
Workers’ compensation insurance can cover financial obligations such as medical expenses/ treatment and lost wages from a work-related accident.
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.