Workers compensation insurance is becoming more and more important for business of virtually any size.
Although there are many legal implications and reasons for having it, it actually says a lot about your business.
Regardless of the risk factors that you workers are exposed to, people need to feel like they are safe in their work environment.
Workplace safety is something that's been debated to death and although many people claim that its gone too far, I believe its making life better for everyone.
Workers compensation insurance is a way of making your workers feel like they have this additional safety net that protects them - just in case.
It actually gives them peace of mind and gives them the added protection that really makes their work and their life safer.
Since many of them are probably the sole breadwinners, their job is much more than a job.
Its their livelihood and if they get injured they won;t be able to provide for their families.
Not only is this a very tender point but its something that you need to address as a business owner.
Another great thing about having workplace insurance is that it forces you to be very pedantic about your safety measures at work.
No insurer will insure you if your safety standards are not up to scratch and this will give you the opportunity to address any issues up front.
If each and every one of your employers know how serious you are about their safety then it will make them feel a lot more secure in their jobs as well.
In the end workers compensation insurance needs to act as a safety net that primarily protects the workers.
It also protects you as a business and in the end everyone wins.
It's expensive, but its a necessary expense that does more than just protect you legally.
It protects the people who make up your business.