Why Carry Workers Compensation Insurance?
This question is easy. Mississippi law mandates those employers with five or more employees obtain workers’ compensation insurance. What if you don’t have five or more employees? You may be exempt from the coverage requirement, but you are not exempt from financial responsibility for employee job related injuries. Any injury, however slight or serious, is covered if it arises out of the course and scope of employment. Occupational illnesses and diseases are also covered if job related, as are work related deaths. Workers’ Compensation insurance provides you with protection from employee lawsuits arising out of employment. Employees with job related injuries are required to seek relief through the Workers’ Compensation Act. Workers’ Compensation Law is a legislative compromise. An employee injured on the job is entitled to recovery without having to prove fault. In exchange for that, the liability of the employer is strictly limited by statute; the employer does not have to worry about
