Why is workers’ compensation insurance essential for businesses?

Workers' compensation insurance is a crucial safeguard for businesses, providing financial protection in the event of employee injuries or work-related illnesses. This insurance covers medical expenses, lost wages, rehabilitation costs, and even legal fees if an injured employee files a claim. By carrying workers' compensation insurance, businesses not only comply with legal requirements but also foster a safer work environment. It demonstrates a commitment to employee well-being and helps prevent financial strain resulting from workplace accidents. Capstone Insurance offers tailored workers' compensation insurance solutions, ensuring businesses remain protected while prioritizing employee safety and security. Visit https://capstonecoverage.com/business/workers-compensation-insurance-nj/ to know more.