What is Workers' Compensation Insurance?

Workers' compensation insurance is a type of insurance that your employer purchases in order to pay for your medical bills and lost wages in the event that you are injured while on the job. This insurance plan covers your medical bills, and will pay you 70% of you average weekly wage if you are unable to work.

If your employer carries workers' compensation insurance they are providing you with adequate financial assistance for your injuries, HOWEVER they are also limiting their liability. By carrying the state run workers' comp plan, your employer gets nearly complete immunity from a lawsuit in exchange for providing you with workers compensation benefits. Simply put, you cannot sue your employer IF they carry workers compensation insurance.