What is workers' compensation insurance?

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Workers’ compensation insurance is a policy purchased by a business to cover its employees in case they are injured on the job or get sick because of work. Usually, you’ll just hear it referred to as “workers’ comp.” 

Workers’ comp is pretty important coverage—it protects workers from financial hardship because of work-related injuries and protects businesses from being sued. It’s a crucial safety net for everyone, which is why it’s required just about everywhere. 

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