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Workers’ Compensation 101

In 1911, individual U.S. states began implementing laws requiring businesses to carry workers’ compensation insurance. Today, with limited exceptions, businesses are required to provide workers’ compensation benefits to employees. Failure to meet your state workers’ compensation system requirements can potentially lead to severe regulatory penalties. It’s a good idea to have workers’ compensation insurance to provide protection for both your employees and your business in the event of a workplace accident. Premiums can vary from business to business. Four factors that can influence premiums include:

When a business establishes a safe work environment, workers are less likely to experience injuries or illnesses that may cause workers’ compensation claims. For more more helpful information, download our workers’ compensation 101 infographic below.

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