Benefits of Workers Compensation Insurance

Whether you are an employer or an employee, workers compensation insurance is a critical consideration in every workplace. Workers compensation refers to insurance that covers medical and rehabilitation costs as well as lost wages for employees injured at the workplace. It is a requirement by law that all employers ensure that their employees are covered against work-related injuries. In Australia, workers compensation is regulated by the state government. In Tasmania, Western Australia and Northern Territory, insurers underwrite the scheme.