Yes. Kentucky work comp requirements are very specific. If you have one or more employees, you have required to provide work comp coverage for those employees.
they are only required to carry workers comp, if there is atleast 5 employees that work in the retail part of the production.... but this excludes milkers, farm hands, ect. you may need to look in to see if a liability insurance is required
The workers comp insurance company requires the employer to insure all the employees.
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.
one
You are allowed up to three employees before you have to do workman's comp.
NO
It is not required for the job. Unless a worker is injured on the job, and then a drug test is needed for workers comp. For the job itself though, the answer is no.
Usually workers comp is less than the Liability Insurance. The Liability is based off of the gross receipts where as the workers comp is the number of employees and their hourly rate.
It is not required for the job. Unless a worker is injured on the job, and then a drug test is needed for workers comp. For the job itself though, the answer is no.
Texas is the only voluntary Comp state. But employers and general contractors remain liable for the workers' injuries (including subcontractors who lack Workers' Comp coverage) and should opt out correctly - according to the state rules, filing their decision with the state and posting the proper notice to employees & subcontractors. 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. An alternative to Workers Comp for subcontractors (and employees who opt out of Workers' Comp) is Occupational Accident - especially if paired with Contingent Liability (contractors only - not employees), it can be cheaper than Comp and can in many ways provide even better coverage. It's not the same, though, and the Occupational Accident and Contingent Liability policies need to be compared closely.
Let it be said first that workers compemsation is for your protection and benefit. There are ways around workers compensation. Depending on the business you will need insurance coverage & or Workers comp. In the state of FL you can have your workers sign a form that they are exempt from the benefits of workers comp because they "opt out." Another perk here in FL is that you only need workers comp if you have a cumulative amount of hours on a particular employee. Also, in Fl it is not required that the princal owners on paper of the company be counted as insured. Depending on what state you live in there are of course different laws. The best bet is to just be up front and ask your insurance rep what the current laws are. Ask him about these exemptions and he should be able to direct you further.