Worker's Compensation Insurance is required by regulation in most states when you have W-2 employees. It provides medical and disability coverage for on the job injuries or work related illness. In many states principals such as owners, officers and partners can exclude themselves from worker's compensation coverage.

Employer's Liability Coverage: These policies also provide employer's liability coverage that protects the company in the event that an employee alleges that the employer's negligence or failure to provide a safe workplace was the cause of the employee's injury or illness.