As an employer, it’s your responsibility to provide a safe workplace where your employees can perform their jobs efficiently with a minimal risk of injury. If a worker’s injury is traced back to an employer’s negligence of safety standards, the business will likely be financially responsible for the worker’s injury. This is where workers compensation insurance comes into play.

With workers comp, a worker who is injured on the job can file a claim and receive funds to help cover medical expenses, physical therapy and lost wages during recovery. (If a workers dies on the job, his or her family is often given funds, which can be used for a funeral and/or final medical expenses.) In exchange for receiving this benefit, the worker forgoes the right to sue the business in order to recoup these expenses (with limited exceptions).

However, without workers compensation insurance, your business may be exposed to lawsuits filed by injured workers. Not only are these suits costly, but they can also damage the reputation of your business.

Buying workers compensation insurance is a simple, affordable way to manage the wellbeing of your employees, along with following the safety standards of your industry. It’s a sign that you care about the health and comfort of your staff.

If you’re not sure where to get started, contact your independent insurance agent. He or she can assist you with finding the right coverage for your business’ needs, along with possible discounts that you may be eligible for. Get started today!