Importance Of Workers Compensation Insurance


While the total amount of workers compensation claims has declined over the last few years, it doesn’t negate the importance of having adequate insurance coverage for your business.  When your employees are injured on the job, you need the protection afforded to you by this type of insurance.  There are many workers compensation insurance companies who can offer you protection from the expensive costs of litigation and medical expenses from an employee who is seeking compensation.  Don’t wait until you find yourself in need – make sure your business is covered from the beginning.

Workers compensation insurance companies  Policies By State

The requirements and laws for workers compensation will differ based on each of the fifty states and which one the company operates in.  Federal employees are under specific guidelines by the Department Of Labor for workers compensations claims.  Most insurance companies will cover the following:

  • Wage replacement
  • Medical treatment
  • Vocational rehab

If you run your own business, it is your responsibility to seek coverage from one of the workers compensation insurance companies that covers your state.  Not having adequate insurance can find you quickly losing control of your business in the event of a lawsuit.  Make sure that your business is providing safety checks and regular safety training to your employees, and then go one step farther and cover your interests and assets with insurance.  This not only gives you peace of mind, but provides for your valued employees as well.

This post was written by , posted on January 24, 2013 Thursday at 8:56 pm