Most of the coverage for uninsured is for pain and suffering so I would have it.
In the field of business, compensated is the term used to refer to how a business takes care of its employees. Compensation can include benefits, paid time off and bonuses. Businesses compensate their employees in order to retain them, that is, not lose their employees to other companies.
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.
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.
If you are paying them for your employees as part of their compensation package, yes, it is a business expense. If it is for yourself, no, it is not a business expense, but it is usually tax deductable under medical costs.
Human Resources is necessary in every business because the core of every business is generally it's employees. Human Resources will help manage, evaluate, develop, and scout potential employees. Success in these areas will lead to a strong foundation for any company.
Better asked is what is a company's biggest challenge in business today concerning employee compensation. First the term compensation requires a definition. In today's world a company's human resources department manages employee benefits and compensation. Benefits relates normally to health insurance coverage and pensions. For the most part compensation refers to direct and bonus pay to its employees. In that regard, direct pay, bonuses and incentive pay must be competitive with similar companies. This is the biggest challenge.
Control is necessary in an organization because employees must get direction from somewhere. If employees were allowed to make their own decisions, than no one would be working towards business objectives.
No, it is not necessary. You can read more about such law at http://www.labor.mo.gov/posters2.htm
So, does your business train its employees? Do the employees have the necessary skills needed to do their jobs? Write it up.
The expansion of our business has made it necessary to hire more employees.
Business DSL systems provides your business with the safety necessary to allow you and your employees access to your business files while away from the office. Working from home is an option many businesses are choosing for both convenience and cost savings.
Rights as an independent disturber home base business while collecting workers compensation