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How do you determine how much you have to pay in workman's comp coverage for your employees as a small business owner?
Wiki User
∙ 15y ago
Call your current insurance agent or broker and ask. You may want to contact a second broker as well, but be sure to let them know your current agent is searching for coverage for you, and to whom he's applying for coverage. Help your agent out by *completely* filling out your applications. I know it's a pain, but when his underwriters see that you took the time, you'll probably get better attention and pricing because you're complete and thorough - a trait they like to see in management of a business they're being asked to insure.
Wiki User
∙ 15y ago
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I am a sole prop with no employees, Does PA require me to carry workmans comp on myself. Thanks Jeff?
No, you would not be required to carry workman's comp on yourself; I would recommend personal policy coverage, in your case.
Does Texas require workmans comp?
Texas is the only voluntary Comp state. BUT you remain liable for the workers' injuries and should opt out correctly - according to the state rules, filing your 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.
Where do you get an exemption form for workmans comp in Florida?
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
How can i add a person to work with me in a Contract Inspection business without being held responsible for workmans compensation insurance in California?
California requires WC for all employees of all employers.
Does an employer without workers comp have a liability to pay medical bills for on the job injury?
This question bothers me. A business that does not have the leagaly required Workmans Comp coverage would be Liable to pay for the equivilant costs plus Leagal costs. But any business that does not have this coverage will turn out to be a fly by night or outlaw company with no assets and virtually no way to leagaly make them pay. If they don't have coverage don't work there,.
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.
What are the rights and responsibilities of having a workmans 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
When is employer required to have workmans comp ins?
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.
Do I have to get workmans comp with only one employee helping me with my in home childcare?
Contact your state - but if you're exempt that doesn't mean you should forgo coverage. Whether you have coverage or not you're liable. And maybe you want lifetime medical benefits due to a work related injury - talk with your insurance agent first, and if you opt to take the exemption, do so legally. And you may be able to retain quality employees because you carry this valuable coverage.
Does a house owner need workmans compensation?
That depends. Most states require that homeowner policies include workers comp coverage. It is intended to cover household employees, such as a maid or nanny. Regardless of whether or not you need the coverage, if your state department of insurance requires it be on the policy then you cannot have it removed. Call your agent to see if it's a state requirement or something they simply chose to add on.
When your employer decides to get workmans comp in South Carolina do the employees have to be drug tested in order for the company to get the insurance or are they only tested after an injury?
Most insurers will require initial testing of all employees and random testing of all employees thenceforth.
Do you need to carry workmans comp on an employee that works less than 40 hours a week in Georgia?
Yes, according to the State Board of Workers Compensation, if you employ more than two people you must provide workers compensation coverage to all regular employees whether full- or part-time.
