Workers' Compensation Insurance
Workers' Compensation insurance (WC) is a mandatory type of insurance carried by many businesses. Workers' Compensation insurance covers medical expenses and a portion of lost salaries for an employee who becomes ill on the job.
Workers' Compensation insurance also protects your company from being sued by employees for workplace conditions that can cause illness.
Who Needs Workers' Comp Insurance?
Some businesses are required by law to carry Workers' Compensation insurance. Its purpose is to ensure payment by employers for the cost of injuries in the course of their work. Workers' Comp insurance typically only covers injuries or illnesses when they occur on the job or while at work.
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