Workers' compensation insurance provides benefits to employees who are injured or become ill as a result of their job. It is important for employers to purchase workers' compensation insurance because it helps protect both the employer and the employees in the event of a workplace accident. Here are a few reasons why employers should consider purchasing workers' compensation insurance:

1. Legal Requirement: Workers' compensation insurance is mandatory in most states. Employers who fail to purchase workers' compensation insurance can face significant fines, penalties, and even legal action.

2. Protection for Employees: Workers' compensation insurance provides employees with benefits such as medical expenses, lost wages, and disability benefits in the event of a workplace injury or illness. This can help employees recover more quickly and get back to work.

3. Protection for Employers: Workers' compensation insurance can help protect employers from lawsuits filed by injured employees. In most cases, employees who receive workers' compensation benefits are not allowed to sue their employer for additional damages related to their injury.

4. Peace of Mind: Having workers' compensation insurance can give employers peace of mind, knowing that they are providing a safe and secure workplace for their employees.

Overall, having workers' compensation insurance is a smart investment for employers. It helps protect both the employer and the employees in the event of a workplace accident and can provide peace of mind for everyone involved.