Do I Need Workers' Compensation Insurance?
Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken, and most states require that employers carry some form of workers’ compensation insurance.
Workers’ compensation policies provide payments to injured workers, without regard to who was at fault in the accident. Compensation covers time lost from work and for medical and rehabilitation services, as well as death benefits to surviving spouses and dependents.
Each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services, and how the system is administered. For example, in most states, there are regulations that cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved.
Although in-home business and business owner’s policies (BOPs) are sold as package policies, they do not include coverage for workers' injuries. Workers’ compensation insurance must be bought as a separate policy.
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