Business insurance
Workers' compensation insurance
Insurance that pays medical bills and lost wages when an employee is hurt on the job. Most states require it once you have employees.
Workers' compensation insurance pays for medical care and lost wages when an employee is hurt on the job, and it generally limits the employer's direct liability for those injuries. Most states expect it once you have employees.
Because the requirement is tied to having staff, it often surfaces during licensing or contracting as proof you carry it. Lapses can bring penalties and can complicate a license that assumes active coverage.
Related terms
Where this comes up
Workers' compensation insurance is one piece of getting and keeping a business licensed. We handle the filings, bonds, and renewals that surround it across every state where you operate.