How Does Workers’ Compensation Work?

Understanding Workers Compensation [Fit Small Business | ]( Articles Recommended for You Based on your interests, we’ve picked the following HR articles to assist you with managing your business: [What Is Certified Payroll & How to Comply]( Certified payroll is a weekly payroll report required from employers with federal government projects. [Paychex vs QuickBooks Payroll: Price, Features & What’s Best]( Unsure between Paychex vs QuickBooks Payroll? Read our comparison of the two providers to see which fits your needs. [How Payroll Outsourcing Services Work: Ultimate Guide]( Payroll outsourcing services are an easy way to save time and money. You can work with a bookkeeper, accountant, use payroll tools or a PEO.                 Our Experts Topic of the Week: Understanding Workers Compensation No matter how many safety measures and “work safely” reminders you have, accidents can happen and employees can get hurt while on the job. This is where workers' compensation insurance comes in.   [Workers’ Compensation Insurance: Cost, Coverage & How it Works]( [Do You Need Workers Compensation?]( Chances are, you need it. This insurance policy helps protect your business from liabilities and covers your employees’ medical expenses and lost wages while they’re recovering from work-related illness or injury. However, if your business is located in Texas or South Dakota, you’re not required to carry workers’ comp insurance. To know more, click the below link. [Workers’ Compensation Insurance: Cost, Coverage & How it Works](   [Workers’ Compensation Insurance Cost: Formula & Factors Impacting It]( [How Much Does It Cost?]( In order to calculate the cost of workers’ compensation insurance, you need to look at multiple data points like your employees payroll and state regulations. The industry your business belongs to also plays a role in computing this. Check out the below guide to see which factors impact workers’ comp costs. [Workers’ Compensation Insurance Cost: Formula & Factors Impacting It](     For easy processing of workers’ comp insurance premiums, consider Gusto. Its payroll package has a pay-as-you-go workers’ compensation plan, where it automatically withdraws the amount you owe based on your actual pay run. [Visit Gusto](         Meet Fit Small Business’ HR & Payroll Experts   [-Jennifer Hartman, HR Staff Writer & Human Resources Expert]( [-Jennifer Hartman, HR Staff Writer & Human Resources Expert]( [-Jennifer Hartman, HR Staff Writer & Human Resources Expert]( [Heather Landau]( [Jennifer Soper]( [Robie Ann Ferrer](   [-Jennifer Hartman, HR Staff Writer & Human Resources Expert]( Want to Join Our HR Community? Check us out on LinkedIn! [-Jennifer Hartman, HR Staff Writer & Human Resources Expert]( [Juvy Vallescas]( [Genevieve Que](   Until next time, Heather Landau, Jennifer Soper, Robie Ann Ferrer, Juvy Vallescas, and Genevieve Que [Alternate text] Want to change what you receive in your inbox? [Update Your Preferences]( [Facebook]( [Instagram]( [Pinterest]( [LinkedIn]( [YouTube]( [Image]   We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Our business model allows us to bring you the best answers to your questions, without editorial biases or cluttering the site with banner ads that everyone hates. The solutions we recommend to business owners often include products and services. Our expert team of writers make recommendations in our buyer’s guides and reviews based on independent quantitative and qualitative assessments. To maintain editorial independence from our business operations, our writers and editors always have the final say on whether a partner is included anywhere on our site. [Read our editorial policy here](. When a product or service is included in an article or an email, we sometimes earn a fee or a commission from the advertising partner based on readers’ actions. Learn more about [how we make money]( and see a list of [our full list of partners](.   © 2024 TechnologyAdvice, LLC. All rights reserved. This is a marketing email from TechnologyAdvice, 3343 Perimeter Hill Dr., Suite 100, Nashville, TN 37211, USA Want to give feedback? Reply to this email! We monitor it daily. This helps us make your subscriber experience better. Want to change the content you're receiving? [Update your preferences](. Want to stop receiving emails altogether? [Unsubscribe](.