Workers' compensation insurance guards business owners from potential financial ruin if an employee is injured on the job. It also helps injured employees return to work quickly with little or no loss of income.
Employers pay all of the costs of workers' compensation insurance.
It is added to the cost of doing business and is passed on to consumers in the prices of goods and services. Each state sets its own workers' compensation benefits. For specific information on rates and rules, contact your insurance provider or state workers' compensation division. For immediate information, go to Workers' Compensation Rules by State. Copyright 2000, Dodson Group .