Most state laws require you to carry this insurance to help compensate employees for expenses associated with work-related injuries or illnesses like medical bills, rehabilitation and lost wages.
Workers Compensation – Serving Illinois, Michigan, Missouri, Wisconsin
Workers' compensation insurance gives employees medical, wage and other financial benefits if they are injured or become ill on the job. This coverage is required in most states. Workers' compensation insurance is also known as workman's comp or workers' comp insurance.
What Does Workers' Compensation Insurance Cover?
Workers’ compensation insurance helps your employees recover from work-related injuries and illnesses so they can get back to work faster. Workers’ comp benefits can help:
Cover medical care and medical treatment
Replace most of their lost wages if they take time off from work to recover
Provide disability benefits
Give death benefits, like helping pay for a funeral if they lose their life in a work accident or from a job-related illness