Who Needs Workers' Compensation Insurance?

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Not every single person is going to need worker's compensation insurance. Find out about who needs worker's compensation insurance with help from a longtime insurance professional in this free video clip.

Part of the Video Series: Insurance FAQs
Promoted By Zergnet


Video Transcript

Hi, this is Tony Chimino. I'm the CEO of Assurance explaining to you who needs workers compensation insurance. I would say if you're an employer or a company that has more than two employees, you should make sure that you have workers compensation insurance. Now most states will require it, but past requirement it is both a practical and prudent way to handle the risk associated with the work related injury. Now, many work related injuries can be quite substantial. When an employee gets injured, they're going to have medical insurance payments along with lost wages. You may not have the money to pay these. If you bought workers compensation insurance and paid an annual premium, the insurance companies will pay for these on your behalf. That's why I believe it's a prudent and practical insurance to have from risk management standpoint. This is Tony Chimino, giving you a little bit of information on who should have workers compensation insurance.


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