Workers' comp insurance fraud costs six to seven billion dollars each year, according to estimates by the Coalition Against Insurance Fraud (CAIF) and the National Insurance Crime Bureau (NICB). Workers' comp insurance fraud costs six to seven billion dollars each year, according to estimates by the Coalition Against Insurance Fraud (CAIF) and the National Insurance Crime Bureau (NICB). (Photo: Shutterstock)

Workers' comp insurance is designed to help cover an employee's medical costs and lost wages if they are injured at work. It is also meant to help protect employers from incurring personal financial losses as the result of a workplace injury that occurs within their small businesses.

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