Workers Compensation Insurance can pay employees for injuries, diseases, lost wages and even death benefits relating to their job duties or employment. It can also cover liability expenses if your organization is sued by an employee over a work injury. Most states require employers to carry this coverage, but each state has their own unique set of workers compensation laws, so it's important to follow your specific states legislation.
There are several factors that can determine your Workers Compensation rates, such as your location, payroll, employee job classification, and claim history. The more risky the job responsibility the higher the premium.
It is important to know that your General Liability policy only covers third party damages for bodily injury, not your employees. It is essential that you carry both General Liability and Workers Compensation coverage as part of your risk management program.