If you own a business, you know just how important it is to provide a safe workplace for your employees. But regardless of any precautionary measures you may take to keep accidents from occurring, they can still happen.
Regulations may vary from state to state, but any business that employs others should secure coverage. While the laws may differ based on your region, most likely, if your business employs four or more people, you will be legally required to get sufficient coverage to pay for medical bills, wages lost, and other expenses if one of your employees gets hurt on the job.
Workers’ Compensation Insurance provides income, medical benefits and rehabilitative services for workers who have become so while performing their work-related duties. It helps to cover injured workers and guarantees that they will receive financial compensation for medical care and for a portion of the income they lose while they are unable to work as a result of their injuries.