What are the True Costs of Workers’ Comp?
Workers’ comp is designed to provide the necessary care for a worker injured in the workplace. Often, the law requires workers’ compensation insurance. Plus, it provides benefits for medical treatment, lost wages, and in some cases, death benefits.
Next, workers’ compensation insurance coverage is available through private insurers or through state-run programs. Also, the cost of workers’ compensation varies from state to state and depends on the type of industry that you’re working in.
Workers’ compensation is an important consideration for employees and employers alike. In the United States, each state has its own regulations for what constitutes workers’ compensation and how much it costs. Also, the cost of workers’ compensation varies depending on the industry in which you work. For example, mining and construction are more dangerous than most other industries, and they have higher rates of injury that result in more accidents and deaths.