Worker’s Compensation Insurance
Workers’ compensation insurance covers a business owner from claims filed by employees who sustain a work-related injury either in the workplace or in the course of business operation outside the premises. If you are a employer of labours, the law requires you take up workers’ compensation insurance to ensure employees who sustain injuries in the course discharging his or her duties receive the insurance benefits as portrayed by law. It is mandated that worker’s compensation insurance be separated from all the other company’s insurance policies. Typically, the worker’s compensation insurance law depends on each state. If a business owner does not have worker’s compensation coverage and it happens that one of his or her employees’ injuries in the course of his or her duties, the business owner may face fines or penalties for noncompliance to the state business laws.