Provides insurance coverage to employees who are injured or become ill while working for you. It also pays death benefits to families of employees who are killed on the job. The coverage is mandated by each state and the wage and medical benefits vary by state. Coverage is required if you’re a corporation and/or have employees.
Make sure you obtain certificates of insurance from all subcontractors and vendors. If you don’t have them at the time of an audit, you may end up paying for workers compensations insurance for them. Coverage varies from state to state, so make sure your policy covers you in all states you do business.