What Is Workers Compensation
Workers Compensation is Insurance that pays for medical
care and physical rehabilitation of injured workers and
helps to replace lost wages while they are unable to
work. State laws, which vary significantly, govern the
amount of benefits paid and other compensation
Who Pays For Workers Compensation
States laws (except Texas) requires all business owners
to obtain and maintain workers’ compensation coverage,
especially those with one or more employees. There are
very few exceptions to this requirement.
Business owners failing to comply with this law face
fines up to $10,000, may have their business ordered
closed until the insurance has been obtained and be held
financially responsible for all costs associated with an
employee who sustains a work related injury when the
employer has no workers compensation insurance.
Obtaining Workers Compensation
Some states require employers obtain
workers’ compensation insurance from a State license
workers compensation Insurance Provider while others
allow for the use of private insurance companies.
If qualified, an employer
approval process overseen by the respective State. For
smaller businesses interested in becoming self-insured,
associations of self-insured employers
which are groups of employers (generally in the same
type of business) which are members of the
Use the links below to States and Private
Workers Compensation information.
(Workers Compensation) Insurance Providers