​Construction sites are accident-prone areas. Contractors, handymen, builders, and other works are susceptible to mishaps that could injure them. Due to the high risk involved in construction works, a business owner should have the right insurance policy to insure its workers.
  
Workers Compensation Insurance is the ideal insurance coverage for professionals working in the construction industry. It is designed to provide financial protection from construction-related injuries.

​Owners of contracting businesses are aware of the risks and liabilities associated with handling construction projects. Construction sites are high-risk areas. Cases of worker’s injuries and property damages are common in job sites.

Contractors must manage risks that can potentially ruin the financial standing of the business. Contractors insurance is among the effective tools to protect contracting companies from a wide variety of risks inherent to the construction industry. 

​Since the pandemic, small restaurant owners have realized that they are vulnerable to significant business disruption with COVID-19. The restaurant sector is among the industries that took a nasty hit from the health crisis. Lockdown measures and social distancing protocols have dramatically reduced their income. Some of them barely earn a profit that can support their business operation in the long-term.
  
For example, most local dining businesses in college towns are struggling to keep their business afloat. They are highly dependent on students for their income. With most schools switching to online classes, their primary customers are gone on school campuses. As a result, some business owners confessed that their earnings are inadequate to cover workers' wages and operating costs.

​Most states require business owners and employers to get workers compensation for their employees. The extent of coverage and who are covered under workers’ compensation varies from one state to another. However, one thing is sure; the insurance policy helps safeguard your business by providing financial protection to your employees.  

On the other hand, employers' amount of premium also differs from one business to another. Data showed that the workforce type and size correlate with workers' compensation premiums that employers should pay.