Workers compensation laws were created to protect employees who are injured on the job. In California, if you have employees, you are required to have workers compensation coverage.
Workers compensation insurance can protect you from lawsuits resulting from workplace accidents in addition to providing medical care and compensation for lost income to the injured employee.
Workers’ Comp Insurance
Workers’ compensation protects your employees by providing for their medical care and even lost wages while they heal and recover from a work-related injury or illness. It ensures they get the care they need so they can get back to work.
By providing workers’ comp insurance, you also protect your business. Without workers’ comp, injured employees may not have the means to pay for work-related medical expenses. Which means they could come after their employer, adding expensive legal fees, settlements, and judgements to the already high cost of their care. When you provide workers’ comp, your employees are ensured that they will be taken care of in the event of an accident, and you get peace-of-mind that the smallest injury won’t become the largest of hassles.
Do You Need Workers’ Comp?
Workers’ comp insurance is so beneficial to both employees and employers that it’s required by law in most states. Even if you have one single employee, you may be required to carry this essential business insurance coverage.
Whether it’s required for your business or not, carrying workers’ comp insurance is a good strategy for your business. There’s no better way to share your appreciation for your employees than to have their back in the event that something causes them harm while they perform their job.