Workers Compensation

Coverage against lawsuits stemming from workplace accidents. It provides medical care to injured employees, along with compensation for lost income.

Workers compensation is established by law. The intent is to eliminate or greatly reduce lawsuits by expediting care of an injured employee, regardless of whether the employee or employer caused the work related injury. Workers are covered if they are injured while at work on the premises or elsewhere, or in automobile accidents while on company business. They are also covered in the event of work-related illnesses. The insurance pays regardless of who was at fault. It also provides death benefits to surviving spouses and dependents.

Virtually any employer needs workers compensation. Businesses are required to buy workers compensation insurance in almost every state.

Benefits of workers compensation insurance vary by state, including the amount and duration of medical services and rehabilitation. State law also may determine the selection of doctors and a process for dispute resolution.