Workers' compensation insurance provides employees with medical and wage replacement benefits when they suffer an injury or illness due to their job. It is a legal requirement in most countries, and for good reason. You can also navigate this website https://gordoninsurancellc.com/workers-compensation-insurance/ to get more information about workers' compensation insurance for your business.

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Having worker's compensation insurance can provide employees with peace of mind that they will be taken care of if they are injured or become ill due to their job. It also provides employers with protection from potential lawsuits from employees.

Workers compensation insurance helps ensure that if an employee is injured or becomes ill due to their job, they will be provided with the necessary medical care and wages they need to recover. Without worker's compensation insurance, an employee may need to pay for their medical bills and lost wages, which can be a financial burden. 

Additionally, workers' compensation insurance can help protect employers from potential lawsuits from employees. If an employee is injured or becomes ill due to their job, they may be able to sue the employer for damages. Having worker's compensation insurance can provide employers with financial protection if they are sued.

Workers compensation insurance also helps to ensure that employers are providing a safe workplace. Employers are required to carry workers' compensation insurance in most countries, and if they do not, they can face hefty fines. 

Additionally, workers' compensation insurance can help employers manage risks and reduce costs. By providing workers with coverage, employers can reduce potential costs associated with injuries and illnesses in the workplace.