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Workers Compensation: What Is It & How Does It Work?

Published by Robert J Stillwell on December 18, 2018


Workers Compensation, also referred to as Workers Comp or Workman’s Comp, is a commercial insurance policy that protects employees from injury or illness suffered on the job. It provides coverage for medical expenses and wages for your employees for time lost due to a covered injury or sickness.

Workers Compensation is not a tax. Therefore, it is not automatically deducted from your payroll. Rather, it is an insurance policy that needs to be purchased independently from your other business insurance policies. In most states (including Pennsylvania and New Jersey), this policy is required by law when you have employees.

In Part I of our new Education Series, we’ve addressed several questions about this type of insurance policy, such as, “What is workers compensation?” and “What’s it going to cost me?”

Download our new resource Workers Compensation Part I to learn more. And stay tuned for our upcoming installments where we’ll go into detail about what the audit is, how it works, and what
you’re required to do.

If you have employees and don’t have any Workers Compensation coverage – or if you do have a policy but none of this has been explained to you before, get in touch with us through the form on the right and we’ll get back to you in a timely manner.

With just a 5-minute conversation, we can get you on your way to getting covered. We also don’t
shy away from getting into details. If you have in-depth questions and want to go through your
options in detail, we’d be happy to take the time with you to do that.

Contact Us Today!

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