Worker's Compensation

Worker's Compensation is coverage that pays for injured employees who are hurt on the job.  It pays lost wages and medical bills.  This coverage is required by law in many states.

A workers' Comp policy has three sections you should be familiar with:

Part 1: Pay's medical bills and lost wages of injured employee.

Part 2: Covers the employer against lawsuits resulting from negligence. 

Part 3: Identifies the states that benefits apply.

Note: Do not confuse the employers liability section of workers' comp  with a separate EPLI policy or Employment Practices Liability Insurance policy.