A Guide to Workers’ Compensation Insurance: Protecting Your Workforce and Your Business
Workers' compensation insurance is a critical aspect of managing a business, safeguarding both employers and employees. This insurance program provides financial assistance to employees who suffer work-related injuries or illnesses, ensuring they receive medical care and wage replacement. In return, it offers employers protection from costly lawsuits and helps maintain a healthy and productive workforce. In this article, we'll explore what workers' compensation insurance is, why it's essential, how it works, and how to navigate the complexities of this system.
What is Workers' Compensation Insurance?
Workers' compensation insurance, often referred to as workers' comp, is a state-mandated insurance program designed to cover employees who experience work-related injuries or illnesses....