Running a business means taking care of employees while also protecting the company from unexpected costs. One of the most important forms of business protection for employers is workers comp insurance . Workers comp insurance helps cover employees who become injured or ill because of their work. Depending on the situation and state rules, it can help pay for medical treatment, a portion of lost wages, rehabilitation, and other benefits related to a workplace injury or occupational illness. For employers, workers comp insurance can also provide protection from many of the financial consequences associated with workplace injury claims. This guide explains what workers comp insurance is, how it works, what it covers, who may need it, how much it costs, and what businesses should consider when choosing a policy. What Is Workers Comp Insurance? Workers comp insurance, short for workers compensation insurance , is a type of business insurance designed to provide benefits when an emplo...