Contact your state - but if you're exempt from having to have insurance that doesn't mean you should forgo coverage. You're likely still liable for your worker's work-related injuries. Maybe you want lifetime medical benefits due to a work related injury, and your state may be one that says you have to provide coverage for your subs who don't have it. Talk with your insurance agent first, and if you opt to take the exemption, do so legally. Some of your clients may require you to carry this coverage even if the state says you're exempt - you may be able to get higher pay from the General Contractor or client (REO department at the bank or mortgage company) because you provide your own insurance.
California requires WC for all employees of all employers.
It depends on your state, but remember that if you have employees, even if your state has an exemption you remain liable for your employees medical costs and more whether you have insurance or not.
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!
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.
In some states being a sole proprietor with no employees allows you a waiver for the state required workmans comp insurance. However, many large companies as well as state and federal projects will require WC insurance, regardless of the waiver status.
Most insurers will require initial testing of all employees and random testing of all employees thenceforth.
Yes, OK requires Comp for all employers and all employees. You may be surprised to find how inexpensive it can be, and it's better to have a low limit than none at all. Your insurance agent can give you a quote.
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.
Yes - and even if your state has an exemption for you because you have less than a certain number of employees or subcontractors, you remain liable even if you don't have Workers Comp insurance.
Workmans Compensation Insurance is a good way to get insurance coverage without emptying out your wallet. You can find more information about the rules and responsibilities and other information on this website: www.workmanscompinsurance.net/faq.html
i understand that in fl i am not required to carry workmans compensation for my tree service when i only have 2 part time employees
If you are the sole owner / employee of your s-corp, workers comp insurance is not required in CA, however some companies you do contract work for may require you to have wc insurance or some type of liability or health insurance.