Workers Compensation Coverage. Why Should I Buy It if It Isn’t Mandatory?

Workers compensation laws vary from state to state. In some states, it is mandatory to purchase coverage if your business has at least one employee, while in others, employers are only forced to get coverage if they have a specific number of employees (i.e. 5 or more). While it may be easy to avoid the paperwork and cost of a worker’s compensation plan if you are not legally obliged, there are plenty of reasons to bite the bullet and get coverage anyway.