What Companies Need To Carry Workers Compensation?
It’s the law! Generally, all companies with employees need to carry workers compensation insurance. Requirements vary from state to state – each state has its own workers compensation laws, as well as its own administrative and legal structure for handling claims and disputes. Several states don’t require workers compensation insurance for very small companies – those with fewer than 3-5 employees. Sole proprietors and partnerships may also be exempt. Think twice before you exercise this option. Without coverage, and injured employee could sue you for medical and disability costs, plus damages. Some states also require workers compensation only for employees in “hazardous” occupations. What falls under the “hazardous” category, however, can vary widely, so speak with your state agency or a representative from NGI Group for information on which employees you must cover. There are professions that are sometimes exempt from workers compensation coverage. These professions include farm lab
Related Questions
- My racing campaign is sponsored by several companies, and in return I carry their company names and/ or badges on the mainsail. How does this affect my permit and ability to wear the Blue ensign?
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