To put it simply: probably. In most states, workers’ compensation is mandatory. The laws require you hold these policies in order to eliminate the need for litigation. Employees who become ill or get injured on the job will be compensated for their medical expenses and time off due to their injuries. In return for the coverage, they forfeit the right to file lawsuits against your business.
In most US states, it’s mandatory for business owners to have a workers’ compensation insurance policy. However, even where it’s not required by law, there are several reasons why you may still want to buy workers’ comp for your business:
If understanding workers’ compensation insurance seems overwhelming, you’re not alone. E-COMP can help make workers’ compensation easy and awesome. We’ve taken the guesswork out of the process and we’re passionate about providing workers’ compensation insurance for all size businesses across the country.
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