The minimum coverage required for your business in case of a work-related injury depends on the jurisdiction in which your business operates. Generally, most states in the United States require employers to maintain workers compensation insurance for their employees.
Under workers compensation insurance, employees who suffer work-related injuries or illnesses are entitled to receive medical treatment and wage replacement benefits until they can return to work. Employers are generally required to pay for this insurance coverage, and the rates for workers compensation insurance can vary depending on the industry, the size of the business, and the location.
In addition to workers compensation insurance, some states may require employers to maintain other types of insurance coverage, such as disability insurance or unemployment insurance.
It is important to note that the requirements for insurance coverage may vary depending on the jurisdiction, and there may be exceptions or limitations to the coverage. It is advisable to consult with a licensed attorney in your jurisdiction to ensure that your business is complying with all relevant insurance requirements and to determine if additional insurance coverage is necessary.
If you are unsure about the specific requirements for insurance coverage in your jurisdiction, you can contact your state's labor department or department of insurance for guidance. In some cases, it may also be necessary to consult with an insurance broker or agent who specializes in providing coverage for businesses.
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