You are allowed up to three employees before you have to do workman's comp.
A insurance provided by employers for injured employees. There is a provision in Texas law whereby an employer may elect not to purchase workmens' comp insurance. About 33% of Texas employers do not have WC insurance.
In most states the employer MUST carry Workmens Comp. It's the law. Check with your local wage and hour or whatever it's called in your state. Workmens Comp protects employees while on the job and pays for the medical costs when an accident occurs while at work. On the other hand, if you're talking about health insurance, employers are not required to carry medical policies for employees but many employers do because it is a good way to keep valuable employees from seeking other employment.
Workmens sells an Insurance that covers the policy holder for injuries or medical conditions caused by their employment which leads them to be unable to work. It provides a salary.
Yes, the insurance is kept but you must pay the full amount your employer paid. If not Cobra insurance will be offered at a very expensive rate.
The answer is YES! It is a misconception that if you have no "employees" you don't need workers comp insurance. If you have employees, i.e. a manager, maintenance workers, or anything of that sort you will need to secure a policy due to state regulations. Even if you do not have anyone working for you, there are several companies that will sell you an "if any" policy for $621.00. The reason for this is should you have a sub-contractor on site (landscape, painting, etc.) and their insurance for some reason is cancelled or not effective, the injured worker could sue the association for his medical expenses and lost work time. The "if any" policy would respond at that point. Given the current economic climate it is a good idea. Many contractors insurance is expiring due to non-payment and other deficiencies.
i am a small business owner have my own LLC and dont have any employees - i do small landscaping jobs - - a client is now telling me that he will not pay my invoice until i provide him my workmans comp insurance number - can he do that - why does my having or not having insurance have to do with my invoice
less than 5 employees....no comp required Depends on the state. Some states say all employers and all employees with no exceptions. Check with your state, and remember that exemption from the coverage requirement is not exemption from liability. And do you mean 3 partners rather than sole proprietors? Do the other two have sales functions?
First, you would need to become a licensed insurance agent. Once that has been accomplished, you can either work for an agency that brokers workers compensation insurance or open up your own firm.
In general, it should be reported when it happens so that the employers workmens comp insurance can know that you didn't receive the injury at home.
no
in the state of VA does every bs have to carry workmens comp
Yes, because Texas is the only voluntary Comp state. But they remain liable for the workers' injuries and should opt out correctly - according to the state rules, filing their decision with the state and posting the proper notice to employees. Employers in all states need to realize they remain liable if they don't have coverage, and that their employees and their employees' families can sue them.