A large majority of employees are covered by workers comp insurance in Texas, and there is a good reason for this statistic. Employers who do not provide insurance for workers’ compensation carry a significant amount of risk in the event of employee injury. With this in mind, here are a few ways workers’ comp insurance can benefit your company.

When an employee is injured while on the job, the costs can accumulate quickly, particularly if that employee brings legal action against your business. With an effective workers’ comp policy, your business may be protected from the ramifications of work-related employee injuries, such as liability. Furthermore, your insurance provider will likely be on the lookout for fraudulent claims.

Without workers’ compensation, your company may be vulnerable and at a legal disadvantage in the case of an employee injury. In court, you are likely to be considered responsible for the injury regardless of contributory negligence on the part of the employee, and your business may end up footing the bill for legal defense and any punitive damages awarded.

Workers comp insurance in Texas also protects your employees, making for a better working environment. When your business has a workers’ compensation plan, your employees have the assurance of assistance with the medical expenses and loss of income that may arise from a workplace injury.