Workers compensation insurance
If you are setting up a business and will be employing people to carry out work for you then it is vital to ask yourself ‘do i need business insurance for workers compensation?’. This type of business insurance is referred to as ‘workers liability insurance’ or ‘workers compensation insurance’ as you are responsible for their well being and should anything happen to them, by way of an accident while at work for example, you will be responsible for footing the bill. The cover can pay for medical expenses and lost wages should they have to miss time away from work due to the accident.
