Consider the risks that employers would face from claims and lawsuits associated with on-the-job injuries or fatalities. Sometimes, one slip and fall could be all it takes to put a small business owner out of business for good. For a larger company, a similar lawsuit could still significantly affect its bottom line. In some instances, a company or individual operating within a high-risk industry could be putting their assets on the line each time a workplace injury occurs.

So, what is the solution to mitigate the risk you take on as a business owner in a high-risk industry or otherwise? Workers’ compensation insurance provides protection that shields employers from hefty lawsuits that could otherwise put them out of business. It is designed not only to help employees when they are unable to work, but also to help employers stay in business.

In most states, workers’ compensation is a legal requirement for businesses. For employees injured on the job, it covers lost wages and the costs associated with medical treatments. High-risk industries aren’t the only types of businesses that present hazards for workers. Conditions such as carpal tunnel syndrome due to repetitive movements (such as typing or product assembly), are a real concern and can require physical therapy and even surgery to correct. All Things Comp takes all of these considerations and much more into account, ensuring that you’re properly covered and creating ongoing strategies to make sure your workers’ comp coverage is an asset and not a liability.