Workers’ compensation insurance also has benefited small business owners by helping cover legal costs in the case of liability for an injury. Some employees who are injured on the job might seek damages or additional costs by suing the business owner or the commercial property owner if there were underlying safety or liability issues. By carrying workers’ comp insurance, you enjoy the peace of mind that comes with knowing your legal costs will be largely covered should the case go to litigation.
Workers’ compensation insurance protects you if your employees get injured on the job or sick from their work, by helping them recover and return to their job. Most policies are specifically designed to support small businesses.
Beyond just covering injuries or an ill employee’s treatment, a comprehensive workers’ comp insurance policy will also help with other things, like covering the costs to train your employees for new roles if they can’t return to their old roles.
A comprehensive worker’s compensation insurance policy can also provide long-term disability benefits if they can’t return to work due to a significant injury that occurred in the workplace.