The last thing any business owner wants is for an employee to get injured on the job. But it's a reality you need to prepare for.
And depending on a few factors, you may be legally required to have worker's compensation insurance.
Worker's Compensation Requirements:
Are You Covered?
Worker's compensation insurance protects both workers and business owners. Employees who get injured on the job should get their care and rehabilitation covered. And employers' assets need to be protected in the event of an accident.
Business.com gives a great overview of worker's comp requirements. The coverage you may be legally required to have will depend on the state your company operates out of, the industry you work in, and the size of your business.