What is workers’ compensation?

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If you’re involved in a business that has employees, you’re familiar with your obligation to help workers who get hurt on the job. But you may feel less familiar with the ins-and-outs of workers’ compensation – the laws and insurance.

Let’s focus on understanding the question, “What is workers’ compensation?” and everything that entails. Such as:

Do you even need a workers’ compensation policy? How exactly do these insurance plans work? What does the law say? How can you control the costs of being insured and manage your claims well?

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