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Work Comp Federal Gov't Home Page
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.
To protect employers from lawsuits resulting from workplace accidents
and to provide medical care and compensation for lost income to
employees hurt in workplace accidents, in almost every state, businesses
are required to buy workers compensation insurance. Workers compensation
insurance covers workers injured on the job, whether they're hurt on the
workplace premises or elsewhere, or in auto accidents while on business.
It also covers work-related illnesses.
Workers compensation provides payments to injured workers, without
regard to who was at fault in the accident, for time lost from work and
for medical and rehabilitiation services. It also provides 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.
Workers compensation insurance must be bought as a separate policy.
Although in-home business and businessowners policies (BOPs) are sold as
package policies, they don't include coverage for workers' injuries.
Courtesy: Insurance Information Institute, Inc.
Insurance Information
Institute
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