Workers' Compensation Insurance
Safeguard your business and support your team with comprehensive workers' compensation coverage. Across the U.S., most employers are legally required to carry this insurance to protect their employees in the event of work-related injuries or illnesses. Workers’ comp helps cover medical expenses and lost wages—while also protecting your business from costly legal claims.
Benefits of Workers' Compensation Insurance
Obtaining Coverage
To obtain workers’ compensation insurance, employers typically work with a licensed insurance agent. If coverage is unavailable through private carriers, some states offer access through assigned risk pools, state funds, or joint underwriting associations, depending on local regulations.
Penalties for Non-Compliance
Failing to maintain the required workers’ compensation insurance can lead to serious consequences, including:
- Issuance of stop-work or business closure orders until coverage is obtained.
- Financial penalties, which may include fines calculated as a multiple of the premiums that should have been paid, flat fees, or daily fines depending on the state.
- Possible criminal charges or additional sanctions for willful non-compliance.
Penalty amounts, enforcement actions, and procedures vary by state.
