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Do you need workers compensation insurance if you have no employees?
Wiki User
∙ 14y ago
I owned my own semi-truck and trailer and I was required to have workmen's comp even though I had no employes. Even if no one is requiring you to carry Comp, there are significant benefits, such as lifetime medical coverage if you're injured on the job. If you're self-employed, this may be very valuable because currently health insurers can exclude parts of you from coverage if you've been injured before, presuming you can find affordable coverage or coverage at all if you've been injured. Plus, you probably would have no deductible under Comp. If you have health insurance that can't be cancelled except for non-payment, that's great - unless you can't pay the premiums because you've been injured. In that case, if you really feel good about your health insurance, then at least carry an Accident/Serious Illness policy and and AD&D policy that can pay if you aren't able to work for a while. Many states are "ladder states," meaning that liability goes up the ladder until someone can pay, so depending on your line of work and whether you have clients who come to you at a storefront vs. you doing work for them on projects, you may be required to either carry it or have it taken out of your pay. Also, unless you are a corperation with exempt status, you will always have at least one employee, you.
Wiki User
∙ 14y ago
Wiki User
∙ 15y agoIt wouldn't hurt to carry it. I heard the answer was yes. A friend I once knew, hired another friend to help him, the guy turned around and claimed he hurt his back, sued HIS friend who was only helping him out, and the guy who was a subcontractor for another business but owned HIS own truck, ended up having to try to settle with this so called friend. So, I would say YES, get the coverage!!!!
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In Pennsylvania does an owner operator with no employees need worker's comp insurance?
If there are no employees in the business, there is no need for workers compensation. However, handymen, landscapers and other part time contractors may be considered employees and need to be covered. The defining factors between an independent contractors (do not need to be covered under workers compensation) and employees (do need to be covered under workers compensation), has a lot to do with them having a contractors license, insurance, workers compensation for their employees, etc. If you are unsure, it is best to disclose the possible employees to the insurance company and let them decide if they need to be included or not.
Would a General Contractor need to have Workman's Compensation insurance in California?
If you have employees, even day labor guys, you MUST carry workers compensation insurance for them. If you have no employees you simply file your workers compensation exemption form with the Contractors State License Board (CSLB). They will note your license as exempt from having workers compensation insurance and that you certify that you have no employees. Even if you file an exemption, your customer/client can require that you carry workers compensation insurance if you agree to do so in a contract.
Do sole proprietors need workers compensation?
Check the state laws in where the sole proprietor is being operated. It changes from state to state. For example in California requires workers' compensation if there is one employee. But if it is a sole owner with no employees then the insurance is optional. In Alabama and Florida if you have four employees including the owner, then workers' compensation is a must. In Texas workers' compensation is not required at all, but the state does require the employer to post a sign stating that workers' compensation will not be provided.
What type of insurance do you need for a cleaning forclosed homes?
Liability insurace (in case you damage something or hurt someone) and, if you have enough employees, Worker's Compensation insurance to cover your workers that get hurt on the job.
What type of workmans com insurance does a carpenter in north carolina need?
Workers compensation insurance is nothing more than "workers compensation insurance". Your question is similar to asking what type of auto liability insurance does a person who drives a car need. There is not "type of workmans com" insurance. Just ask your local insurance agent to help you obtain workers compensation insurance and he will give you a quote.
Do you need workmans comp insurance for your employees at your restaurant?
Workers compensation insurance requirements differ by state. Among the variables are the number of employees and the aggregate payroll. Under some circumstances, if an employees also hasan ownership or managerial role in the business, he/she may opt-out. One of the ways to handle workers compensation, especially for a small business, is through an employee leasing company, also known as a "professional employer organization". Through a legal fiction authorized by statute, the employees become the employees of that entity for purposes of obtaining workers compensation insurance. By aggregating the employees of many similar business and "delivering" them to a workers compensation insurer, sometimes economies of scale can be achieved such that lower workers compensation premiums can be obtained. The employees generally remain the common law employees of the original employer from the standpoint of discipline, hiring, firing, and other indicia of employment. That is, the employee leasing company provides mostly business services and may act as a conduit for insurance. A business must be very careful to research the bona fides of the employee leasing company that it considers using, and to get references. While many are just fine, in the past, the industry was a hotbed of insurance fraud, often placing employers with phony workers compensation insurers.
Do you need workers compensation insurance for a church in California?
Yes - California requires Workers' Comp for ALL employers and for ALL employees, and most volunteers meet California's definition of employee - for example, if you so much as provide lunch or a t-shirt, you've compensated them and they are employees.
What does the workers comp insurance company need from the employer?
The workers comp insurance company requires the employer to insure all the employees.
Who is responsible for funding workers compensation?
the employer usually pays an insurance policy that covers the employee if they need workers comp leave.
Do you need workmans comp insurance for a concession stand if employee 13 years of age?
You need workers' compensation insurance if you have employees. You do not need worker's comp insurance if you are a sole owner. In most states, owners of a business are exempt from having workers' comp for themselves. The type of business does not matter. If you have employees, you need comp insurance. ...plus, the venue, whether a city owned street, school or music venue SHOULD require that you carry the coverage on yourself to ensure you don't allege to be its employee if you suffer an injury.
Flooring business and license and you are the only employee - do you need workmans comp insurance?
It depends on the state that you are in, in California, if you are the owner and have no employees, you do not need workers compensation insurance. The easiest way to find out would be to call your local employment development department - if you are not in CA - if you are, I just answered your question!
Will I need business liability insurance for a forklift rental?
5 TYPES OF INSURANCE YOU NEED TO PROTECT YOUR BUSINESS 1.BUSINESS AUTO INSURANCE 2.COMMERCIAL PROPERTY INSURANCE 3.COMMERCIAL UMBRELLA INSURANCE 4.GENERAL LIABILITY INSURANCE 5.WORKERS’ COMPENSATION INSURANCE Workers Compensation Insurance provides coverage for both work related injuries and some lost income. We also represent several top rated workers compensation insurance companies and can get you the right coverage that fits your business insurance budget.
