Workers Compensation Insurance 

The roots of workers’ compensation laws in the U.S. date back to 1855, when the first state statutes began to appear. These laws evolved to provide employees with essential protections in the event of a workplace injury.

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Today, workers’ compensation insurance ensures that employees who are injured on the job receive wage replacement and medical benefits. In exchange, employees relinquish the right to sue their employer for negligence, creating a more balanced and efficient process for handling workplace injuries.

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By the early 20th century, most states had adopted laws mandating that injured workers receive medical care and, when applicable, compensation for temporary or permanent disabilities resulting from work-related injuries.

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According to data from the Bureau of Labor Statistics, workplace injuries remain a significant concern for employers and employees alike. These figures from 2010 underscore the importance of having a strong workers’ compensation insurance plan in place:
 

• Nearly 3.1 million non-fatal workplace injuries and illnesses were reported in a single year.

• Of these, approximately 95% were injuries, while illnesses accounted for the remaining 5%.

• Over half of these incidents resulted in employees missing work, being transferred to new roles, or facing restricted duties due to their injuries.

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These numbers demonstrate just how common workplace injuries can be and how disruptive they are to both the workforce and business operations.

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The financial risk to businesses without workers’ compensation is too big to ignore.

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Businesses Workers’ Comp
 

Consult a Workers’ Compensation Expert

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Workers’ compensation laws and insurance requirements vary by state and even at the federal level making the landscape complex and often confusing for business owners. In addition to medical care and wage replacement, employees have the right to seek legal representation for their claims. Once an attorney becomes involved, a claim can quickly become more time-consuming, costly, and legally complicated.

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That’s why it’s critical to work with a qualified and experienced workers’ compensation insurance agency, one that understands the specific regulations in your state, can assess your business’s risk exposure accurately, and helps you stay compliant while controlling costs.