Workers’ compensation insurance, also known as workers’ comp, is a type of insurance that provides benefits to employees who are injured or become ill as a result of their job. It can cover medical expenses, lost wages, and other costs associated with the injury or illness.
Workers’ comp insurance is important because it helps to protect employees from the financial burden of a work-related injury or illness. It also helps to ensure that employers have the resources they need to provide a safe working environment for their employees.