Workers' Compensation Insurance

This type of insurance is typically required by law and can help cover the cost of medical expenses and lost wages for employees who are injured on the job.

Key Considerations

Workers’ compensation is a form of employer insurance coverage that pays benefits to workers who are injured or become disabled as a result of their job. By accepting workers’ compensation benefits, the employee waives the right to sue their employer for damages.The compensation may include partial salary repayment and coverage of medical costs. Workers’ comp is not the same as unemployment benefits or disability insurance.

Applicability

In the United States, workers’ compensation is handled primarily by the individual states. The required benefits vary greatly state by state.

*Texas is the only state that does not require employers to maintain workers’ compensation insurance.

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