Workers compensation insurance

Workers Compensation Insurance

Texas doesn't require most private employers to carry workers comp, but that doesn't make it optional if you want to protect your business. Workers compensation insurance covers medical costs and lost wages when employees get injured or sick due to work, and it protects your business from employee lawsuits related to workplace injuries. Without coverage, you face unlimited liability if an employee is seriously injured on the job.

Coverage pays for medical treatment, rehabilitation, and a portion of lost wages when employees can't work due to job-related injuries or illnesses. If an employee falls from a ladder, is injured operating equipment, or develops a work-related illness, your workers comp policy covers their treatment and compensates them for time off work. This coverage removes the need for injured employees to sue your business to recover their costs, which protects both the employee and your business.

The trade-off is important: employees give up their right to sue your business for workplace injuries in exchange for guaranteed benefits through workers comp. Without coverage, injured employees can sue for damages including pain and suffering, which can result in judgments far exceeding medical costs and lost wages. A single serious injury could bankrupt a small business without workers comp protection.

Even businesses not required to carry workers comp should seriously consider it because the protection flows both ways. Coverage demonstrates your commitment to employee welfare, helps attract quality workers, and provides financial stability when workplace accidents occur. Some clients and contracts require proof of workers comp before they'll work with you. We'll help you understand Texas requirements, calculate premiums based on your payroll and industry classification, and find coverage that protects both your employees and your business from the financial impact of workplace injuries.