Workers' compensation insurance is essential for businesses to provide financial support to employees injured or made ill due to work-related activities. This coverage helps cover medical expenses, lost wages, rehabilitation costs, and disability benefits, ensuring employees receive the care they need. For employers, workers' compensation mitigates the risk of costly lawsuits while maintaining compliance with state regulations. It is particularly important in industries with high injury risks, such as construction, manufacturing, and healthcare. Offering workers' compensation demonstrates a commitment to employee safety and well-being, fostering trust and stability within the workforce.