Workers' compensation provides medical expenses, lost wages, and rehabilitation costs to employees who are injured or become ill “in the course and scope” of their job.
What Is Workers’ Compensation Insurance Coverage?
Workers’ compensation insurance, also known as workman’s comp or workers’ comp, gives your employees benefits if they get injured on the job or become ill from their job. These 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
Why Do You Need Workers’ Compensation Insurance?
Workers’ compensation insurance helps your employees recover from work-related injuries and illnesses so they can get back to work faster.
How Much Is Workers’ Compensation Insurance?
Workers’ compensation insurance costs vary. But many of our clients pay less than $70 per month for $300,000 in payroll.