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What is workers' compensation?
Workers’ compensation insurance — also called “workers’ comp” — is a type of business insurance that is designed to protect business owners in case an employee is injured or becomes ill on the job. It can also cover you if you work solo. Think of it as a band-aid that can help both the employer and employee cover the costs of:
- Medical expenses
- Death benefits
- Lost wages
- Permanent or temporary disability
- Rehabilitation and retraining
What does workers' comp cover?
Hopefully, a work-related injury or illness only causes a temporary setback, but as a business owner, you must prepare for every possibility. Workers’ compensation could help cover expenses related to situations such as:
Employee Accident or Injury:
Say that your employee slips and falls on the floor while cleaning your storefront. Workers’ comp can cover the cost of her medical expenses, as well as recoup lost wages while she recovers.
Employee Illness:
Your employee falls ill as a result of paint exposure in a poorly ventilated room; workers’ comp could cover the cost of his treatment and lost wages.
Employee Disability:
Imagine that your highly skilled employee has an accident while operating complex machinery. If he’s unable to work because of his resulting injury, workers’ comp can cover his wages and even the cost of retraining for a new job.
Repetitive Stress Injury:
You’re a self-employed photographer who develops a chronic wrist injury. If you have opted to purchase workers’ compensation for yourself prior to getting hurt, the cost of your medical care could be covered.
How do I get workers' comp insurance?
Online, over the phone, or in the Thimble app in minutes. We make it easier than ever to input all the details about your team, get a fast quote, and get to work.
The information provided herein is not intended to be exhaustive, nor should it be construed as advice regarding coverage. Eligibility for coverage is not guaranteed and all coverages are limited to the Terms and Conditions contained in the applicable policy. Read the full Privacy Policy here.