workers' compensation

Workers' compensation insurance is a form of coverage that provides medical benefits and wage replacement to employees who are injured or become ill as a direct result of their job. It is a critical component of a strong risk management strategy and is required for most businesses with employees in nearly every state. In exchange for these benefits, employees typically give up their right to sue their employer for negligence related to the injury. This crucial business insurance protects both the employee by covering their recovery and the employer by providing a liability shield from costly lawsuits.