Worker’s Comp - A Practical Guide For Businesses
Running a business involves many responsibilities, and protecting employees is one of the most important. Worker's comp , short for workers’ compensation, is a type of insurance designed to provide benefits to employees who experience work-related injuries or illnesses. It can also help businesses manage the financial and legal responsibilities that may arise from workplace incidents. What Is A Worker's Comp? Worker's comp generally provides benefits for eligible employees who become injured or ill because of their work. Depending on the applicable law and policy, these benefits may include medical treatment, a portion of lost wages, rehabilitation services, and benefits related to permanent disability. In the event of a work-related death, eligible dependents may also receive certain benefits. Workers’ compensation rules vary by jurisdiction, so businesses should understand the requirements that apply where their employees work. Some businesses may be required to carry ...