Offering health insurance is not a requirement by law for any business. Having insurance for your employees is a great benefit to offer.
Small businesses are not actually required to supply insurance if they can't keep up with the sufficient amount required to have insurance. It is possible to have insurance if you do want to have your business backed up financially.
The federal government required certain business post posters in public places for employees to see. The Department of Labor posts these posters and their rules on its' website.
There is not a single type of insurance required for all businesses. The type of insurance you need to purchase depends on your industry and governmental regulations in your state.
Businesses and government agencies have a duty to provide the minimum benefits required by law to their employees. This includes fair pay, good working conditions, and non-discrimination.
At the very least, that required by the laws of your country.
In the United States, employees should be covered for injuries at work by Worker's Compensation insurance, which is purchased by employers. Most employers are required by law to purchase this insurance for their employees.
A company is required to carry workman's compensation insurance on subcontractors. This is regardless of the number of employees a subcontractor employs.
You are allowed up to three employees before you have to do workman's comp.
General liability insurance is required for your business as soon as you have something to protect, whether that be assets, sales, employees, a building, etc. We recommend you buy general liability insurance once you have a location, sales, employees, or anything to lose. GL Insurance helps you protect and defend your business from lawsuits.
Yes the employer can pay the health insurance but is not required to by law. He is encouraged to for bettering the employees benefits.
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Given the nature of the business, the potential for injury and/or damage to property, you want to make sure that you have sufficient coverage for your business and employees. Make an appointment with your insurance agent to talk about the kind of coverage that's necessary to protect you and your assets.