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Why is Workers’ Compensation Insurance a Necessity?

It is important to ensure that you and your employees are safe in the workplace.  Accidents can happen anywhere at any time.  Not having workers comp can guarantee a lawsuit.  Your workplace needs workers’ compensation insurance.  Why?  Because it is the law, workers’ comp helps protect your employees, workers’ comp is portable, and will keep your premium costs low.

Workers’ compensation insurance, also referred to as “workers comp”, covers medical costs and a portion of lost wages for an employee who becomes injured or ill on the job. It also protects companies from being sued by employees for workplace conditions that can cause an injury or illness.

Workers’ comp insurance usually covers:

medical care from the injury or illness

replacement income

costs for retraining

compensation for any permanent injuries

benefits to survivors of workers who are killed on the job

Remember, workers’ compensation coverage is different in every state.  Always check your policy to see that it works for your company, especially if your company is in multiple states.

Whether you are a public worker in New Jersey or not, Cosmo Insurance Agency will help you get you the medical coverage you need through one of our carriers. We offer unparalleled service and plans designed specifically to your individual situation.