What is workers compensation insurance?
The workplace can be filled with potential risks and hazards, even when rigorous safety protocols are in place. Should something cause an employee to be injured while on the job, a Texas employer could be held financially liable if workers compensation insurance isn’t in place.
Workers compensation insurance helps protect businesses and their employees from the financial impact of workplace injuries and illnesses. It’s beneficial for both parties to have coverage in place.
Which Texas businesses need workers comp insurance?
Unlike most states, Texas generally doesn’t require that private employers carry workers comp insurance. Most employers should have coverage, though, as an injury can be financially devastating.
If a business opts out of workers compensation, they’re likely open to being sued by any employees that sustain an on-the-job injury.