Workers compensation is a form of insurance designed to help employees recover from injuries sustained in the workplace. While each state has different laws pertaining to workers compensation, benefits typically include paying for medical expenses, death benefits, lost wages, and rehabilitation services.
Despite the amount of preventative actions a company may take, accidents do and will always happen. According to the Bureau of Labor Statistics, “More than 1.1 million injuries happened in the workplace in 2011, with an average recuperation time of 8 days.”
Keeping workers safe on the job is one of the biggest expenses for employers; a large portion of the company budget goes to informing and training employees on safe work practices as well as reviewing facilities and making any necessary changes.