Worker's compensation is an insurance policy that provides medical care and benefits to any employee who experiences an injury or illness as a direct result of their employment. It pays an employee's medical expenditures and a percentage of their wages, among other things. Its "no-fault" aspect is a mutual agreement between employee and employer in which the company agrees to pay, and the employee usually cannot sue for damages. How Does Workers' Compensation Work? Workers are Read More
Must-Know: Workers Compensation for Small Businesses
Posted on: October 7, 2014
Unfortunately, workers compensation has a bad reputation as many view the policy incorrectly. Rather than viewing workers compensation as a forced policy that you must obtain, think of your workers compensation policy as a safeguard for both you and your employees. Without workers compensation, your employees are forced to worry about who would pay for their medical expenses if they became injured, and you’d have no peace of mind that a lawsuit couldn’t ruin your business. Workers Read More