Employers and enterprises are both protected under workers' compensation. Knowing they will receive financial security and medical attention during an on-the-job injury gives employees peace of mind. For companies, it dramatically lowers their chance of facing employee lawsuits, lowers their legal exposure, and guards against suffering substantial financial loss due to employee damage.

Workers' compensation insurance cost is based on several factors, including:

• Coverage limits
• Claims history
• Industry and risk factors
• Location
• Number of employees
• Payroll

1. Medical coverage for work-related injuries or illnesses
2. Payment of lost wages while an employee is unable to work due to a work-related injury or illness
3. Rehabilitation benefits to help an employee recover and return to work
4. Death benefits for the dependents of an employee who died as a result of a work-related injury or illness
5. Protection for the employer from lawsuits filed by employees for work-related injuries or illnesses
6. Compliance with state laws and regulations regarding workplace safety and injury compensation
7. Assists in maintaining a safe working environment.