What is a Workers’ Compensation Policy?

A workers’ compensation Policy provides protection for your employees in the form of payment for lost wages and medical expenses in case of illness and workplace injury. Workers’ compensation should not be confused with general liability policies, which provide distinct and non-overlapping coverages. Getting a workers’ compensation policy with Oyster includes additional benefits as well, some of which include getting a highly competitive rate, coverage tailored to your business needs, and an online application and servicing experience.

What does it cover?

Medical expenses

Covers medical bills and other rehabilitation expenses if an employee has a work-related injury.

Lost wages

Covers wages and salary if an employee is unable to work due to illness or injury.

Permanent Injury and AD&D Benefits

Covers benefits for employees if they are permanently injured or experience accidental dismemberment or death.


Covers legal expenses incurred by your business for injury-related liability claims by employees.

Who needs a Workers’ Compensation Policy?

This type of coverage is required in many states, which means many businesses need workers’ compensation insurance, but the laws differ by state. Check out our state-by-state guide to see what your requirements are. You’ll want to especially consider how risky your work environment is when choosing a policy.

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