The Importance of Workers’ Compensation


According to the Bureau of Labor Statistics, there are almost 3 million non-fatal workplace injuries in the United States each year.

With so many injuries, it is important that business owners are ready to deal with any situation if the worst occurs. Thankfully, a good workers’ compensation solution can cover your employees and your business.

Read on to learn the importance of workers’ compensation coverage.

Protect Your Employees

For most business owners, employees are the most valuable asset. So why not protect this asset with a strong workers’ compensation plan?

If an employee is injured while carrying out their job, workers’ compensation will cover their medical expenses. The plan will also pay any lost wages while they recover.

Without this added stress, your employees can focus on their recovery and make a healthy and quick return to work.

Legal Requirement

Many states require by law that you provide workers’ compensation for your employees.

In Florida, for example, it is a legal requirement for firms to provide coverage. This covers construction firms, agricultural businesses with more than 6 employees, and firms in other sectors with more than three employees.

Failing to provide the mandated coverage could put your company in serious trouble. The state can impose heavy fines on aspects of your work and you could find yourself liable for the medical expenses of any employee injured at work.

Out of State Expansion

If you want your business to grow across state lines, then a good workers’ compensation plan will help.

A portable plan will allow your employees to remain covered, even if they enter a new state for business purposes. Rather than worry about the different requirements in each state, a workers’ compensation resource (more on this later) can help cut down the administration and save you money on ad-hoc coverage.

Whether it’s a new branch or a remote employee, your business can expand organically, without worrying about artificial boundaries.

Peace of Mind

Business owners deserve to focus on the growth and success of their organization, rather than potential lawsuits.

By bringing in an outside resource to assist with workers’ compensation, you don’t have to worry about the burdens that can come with claims and cases. An expert can guide you through the overwhelming situations and ensure that the process is completed properly.

An outside resource can also help manage the costs surrounding insurance policies and work with underwriters to provide a multitude of insurance solutions.

Have even more peace of mind by including yourself in your business’s workers’ compensation plan. Your own medical expenses will be paid and you can receive compensation for any potential lost wages.


Not only does a workers’ compensation solution keep you on the right side of the law, but it also provides peace of mind to your employees and yourself.

If you are looking for a plan to suit your business, then contact the professionals at GIGA Solutions. Our Commercial Insurance team is dedicated to getting business owners the best solutions possible.