Workers compensation provides medical expenses, lost wages, and rehabilitation costs to employees who are injured or become ill "in the course and scope" of their job. It also pays for death benefits to families of employees if such an incident were to happen. Typical coverages include: Minimum payroll of $75,000 & minimum premium of $5,000, no net rate requirement, insured must have a state bank or credit union banking relation, and new ventures are considered & underwritten on a case by case basis.