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Protecting Your Employees and Your Business
Understanding Workers’ Compensation Insurance: Workers’ compensation insurance, often referred to as workers’ comp, plays a vital role in protecting both your employees and your business. This insurance provides crucial support to employees who suffer work-related injuries or illnesses, ensuring they receive the medical care and financial assistance they need. Regardless of your industry, the risk of workplace injuries or illnesses exists, making workers’ comp an essential consideration for any business. Workers’ Compensation Insurance in Texas: What You Need to Know In Texas, private employers are not required to provide workers’ compensation insurance. However, choosing not to carry this insurance comes with responsibilities. You must report your coverage status and any work-related injuries or illnesses to the state’s Division of Workers’ Compensation. While opting out of workers’ comp might seem appealing, understanding the risks and liabilities involved is crucial. What Does Workers’ Compensation Cover? Workers’ compensation insurance is designed to cover a wide range of work-related injuries and illnesses. If an employee gets injured while performing their duties or working on your behalf, workers’ comp can help cover medical expenses, lost wages, and more. This coverage extends to injuries caused by work-related violence, terrorism, and even natural disasters. For example, if... Read more