Workers’ compensation gives employees benefits and remunerations for any injury, illness, or accidents that happen during the course of fulfilling their duties and responsibilities related to their employment. It covers the medical expenses and costs of the employee. It also compensates the workers on the income and pay lost due to work-related injury or illness.
Employees are the key to the success and productivity of any business. Even if one employee is unable to work, your company’s productivity can be delayed or decreased, especially if you’re a small-to-medium-sized business. By having the right workers’ compensation insurance in place, small business owners can protect their employees. What Is Workers’ Compensation Insurance for