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Workers' Compensation Insurance Basics

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What is workers' compensation insurance?
Workers' compensation typically covers expenses incurred as a result of injuries employees sustain from workplace accidents, violence and natural disasters by providing missed income and medical benefits coverage. Workers' compensation insurance can also cover certain illnesses and occupational diseases contracted as a result of employment.

Workers' compensation covers employees' medical bills (which may include prescriptions and physical therapy) to treat work-related injuries, and partial compensation for wages lost due to absence from work. Additionally, it usually protects employers from lawsuits initiated by workers injured on the job.

Who generally purchases workers' compensation insurance?
All companies with employees.

Why buy workers' compensation insurance?
In most states, workers' compensation coverage is not optional. While benefit levels vary from state to state, almost all employers in the United States must carry this insurance. Speak with a Wells Fargo Business Insurance Planner to determine if you are obligated to carry workers' compensation coverage.

What does workers' compensation insurance cover?
With workers' compensation, workers receive benefits regardless of who was at fault in the accident. If a worker is killed while working, death benefits will be provided for the worker's dependents.

Workers' compensation covers:
  • Injuries employees may sustain on the workplace premises
  • Injuries sustained anywhere else while the employee is working
  • Certain illnesses and occupational diseases contracted as a result of employment
    • For example, if employees who work with toxic chemicals become ill due to exposure to the chemicals, coverage would apply
  • Injuries employees may sustain from other events that may occur while they are working, including accidents, violence and natural disasters
Call Insureon for a Free Quote1-844-387-3238
Workers' CompensationGet a Quote
 
Wells Fargo Insurance, Inc. (Minneapolis, MN) is a licensed agency that represents — and is compensated by — the insurer based on the amount of insurance sold.