What is workers’ compensation insurance?
What is workers' compensation insurance? Workers' compensation insurance is a specific type of insurance that helps business owners provide wages and medical benefits to employees who have been injured on the job. In most states, workers' compensation is required by law. The origins of worker's compensation benefits date back to the 18th century when the oceans were ruled by pirates. The practice of privateering (an informal term to refer to piracy) was a dangerous profession. Taking loot (treasure) from those who refused to give it up involved sea battles, hand-to-hand combat, and often injury. Given the inherent likelihood of disability from this practice, a…