What is workers' compensation insurance?

Workers' compensation insurance
Workers' compensation insurance covers medical costs and lost wages for work-related injuries and illnesses. This policy is required in almost every state for businesses that have employees.
Does your small business need workers' compensation insurance?
For almost all businesses in the United States, yes. Workers' compensation insurance usually isn't optional.
While workers' comp laws vary by state, small businesses typically need a policy in place as soon as they hire their first employee.
Even when not required by law, this policy provides important protection against medical expenses and employee lawsuits related to workplace injuries.
You can rely on workers' comp if an employee needs medical care or time off due to a workplace injury ? or if an injured employee sues you for failing to prevent an accident.
If you don't carry workers' comp, your business will be responsible for any medical bills and legal fees. And most states levy costly penalties for noncompliance.


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