Workers' compensation insurance
Repetitive motion injuries and slip-and-fall injuries can happen at any tech company. Keeping yourself and your employees safe at work helps you maintain low workers' comp rates.
Workers’ compensation covers the cost of medical bills if an employee at your tech company is injured at work or develops an occupational illness. It also protects business owners from lawsuits over injuries and illnesses.
Workers’ compensation insurance pays medical costs and lost wages for an employee's work-related illness or injury, and protects business owners from liability. It's required by law in almost every state for businesses that have employees.
If you have employees, you likely need workers’ compensation coverage. This policy pays medical expenses for work injuries and costs small tech companies about $35 per month.
Workers’ compensation, disability insurance, and health insurance pay for medical costs or lost wages due to illness or injury. But what they cover and when they kick in depends on the policy.