Workers Compensation Information
What Is Workers' Compensation Insurance?
Workers' compensation insurance, also known as workmans' comp or workers' comp, gives your employees benefits if they get a work-related injury or illness. These benefits can help:
- Cover their medical care
- Replace most their lost wages if they take time to recover
- Provide disability benefits
- Pay for their funeral if they lose their life
How much Is Workers' Compensation Insurance?
Insurance companies use a number of different factors to come up with your workers' compensation insurance cost, such as your:
- Employees' type of work
- Claims history