As a business owner, you do everything you can to protect your employees and company from potential dangers, but if you do not have workers compensation insurance you are assuming an enormous risk that could likely put you out of business. Most business owners understand that workers compensation is important, but did you know that if you have employees, it is required by law for most businesses to have coverage? Workers compensation insurance is a type of insurance coverage that protects your employees in case of injury or disease during the course of employment. Policies can provide coverage for: