Workers Compensation Insurance

Workers Compensation Insurance is a state-mandated insurance policy that protects the employers from claims arising out of work place injury or illness. Depending on the State where your business operates the state may mandate that all W2 employees carry workers compensation. Some states require Workers Compensation regardless of the size and type of busienss.

NOTE: 1099 workers hired by and employer are reuquired to have their own Workers Compensation policy or employer provide coverage under their own policy. Workers Compensation policy might cover the following:

• Illness – Example: Exposure to chemicals in manufacturing
• Injury – Example: Fall form a ladder
• Replacement of wages
• Medical Costs associated with work related injury