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What is Worker’s Compensation Insurance?
What is Worker’s Compensation Insurance?
Updated over 3 weeks ago

Worker’s Compensation Insurance provides benefits to employees who are injured or become ill at work. It covers medical expenses, lost wages, and rehabilitation costs. It’s required by most states for businesses with employees.

If your business has employees, and you live in a state with mandatory Worker’s Compensation laws, you must provide a Certificate of Insurance showing you have this coverage.

This document should include:

  • Policy number and expiration date

  • Coverage amounts

  • The bank listed as the Certificate Holder

This certificate proves your business is insured and complies with Worker’s Compensation laws.

The laws for Workers' Compensation vary by state. We use this website to confirm whether or not Workers' Compensation Insurance will be needed: Workers’ Compensation Laws – State by State Comparison - NFIB

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