It is my understanding that the provisions generally applicable through the terms of a workers compensation policy are intended to provide relief to an employee who, while engaged in the normal course of their working duties becomes injured in some way. This general set of provisions is construed to mean that an employer-employee relationship exists. In an instance where someone is self-employed, the employer-employee arrangement would be difficult to support in argument; and, therefore, the provisions for application of any relief through such a policy would be inapplicable. The purpose of this type of coverage would be misapplied if used. The proper insurance for the owner of a business doing the sole work effort themselves in addition to administrative tasks would be of a different form, usually of a personal-policy nature. It would be difficult for a person to sue themselves in order to receive relief through administration of a workers compensation policy via the courts. The proprietor of such a business would be likely viewed as having the same status as a private contractor, and an entity of one.
Edits welcome.
This is my (not the author's) addition to the well written answer above for Michigan Workers' Compensation question:
If you want to be covered under a WC policy you can have yourself listed on the policy. Typically for a sole proprietor, they are a sole bread winner and just want jobs and don't want to pay for insurance or WC insurance coverage. WC coverage typically needs to be for a Partnership, LLC or a Corp. On your policy, it is important that you are not "excluded" so the officer, member or partner is not excluded on the policy if you desire coverage in the event of a Workers' Compensation claim. If you have no employees and want to be excluded, this link may help: http://www.michigan.gov/documents/cis_bwuc_contr_29680_7.pdf
Make sure that subcontractors that you hire have WC coverage if you use them, or you will be paying their wages/costs under your name come audit time if the insurance company chooses an audit.
Commercial, general liability, and workers compensation.
The type of insurance one should get when starting up a small business includes property and liability, workers compensation, retirement plans, health insurance and sometimes life insurance.
form_title=Small Business Insurance form_header=Small business insurance is necessary to protect your company. An insurance professional can help you identify the potential risks associated with your company and customize your policy to meet those needs. Type of insurance needed:= {(),Business Owners Policy,Business Auto Insurance,Business Property Insurance,Business Liability Insurance,Home Business Insurance,Workers' Compensation,Business Umbrella Liability,Professional Liability Insurance,Directors and Officers Liability,Business Identity Theft,Group Health Insurance,Business Life Insurance,Key Person Life Insurance,Agricultural Insurance,Product Liability Insurance,Personal Insurance,Not Sure} Number of Full Time Employees=_ Years In Business=_
form_title=Commercial Insurance form_header=Manage your risk with a commercial insurance policy tailored to fit your specific business needs. Number of Full Time Employees:=_ Currently Insured:= () Yes () No Years In Business:=_ Type of Insurance Needed (Check all that apply):= [] Business Owners Policy [] Commercial Auto Insurance [] Business Property Insurance [] Business Liability Insurance [] Home Business Insurance [] Workers' Compensation [] Business Umbrella Liability [] Professional Liability Insurance [] Directors and Officers Liability [] Business Identity Theft [] Group Health Insurance [] Business Life Insurance [] Key Person Life Insurance [] Agricultural Insurance [] Product Liability Insurance [] Personal Insurance [] Not Sure [] Other
Public liability insurance is important to businesses as it covers the business if a customer or any member of the public suffers a loss or injury as a result of the business' activity. This type of insurance covers compensation claims as well as legal expenses.
form_title=Home-Based Business Insurance form_header=Minimize your risks. Home-based business insurance plans can help ensure that you are prepared to handle any situation that might occur while running your business from home. Type of Business Entity:= {(),Corporation,LLC,Sole Proprietorship,Partnership,Non Profit,Trust,Other} What is the total amount of business personal property located at your home address?= {(),$5000,$10000,$15000,$20000,$25000,$30000,$35000,$40000,$45000,$50000,$55000,$60000,$75000,$80000,$85000,$90000,$95000,$100000} Type of home-based business insurance needed (Check all that apply):= [] Health insurance [] Disability insurance [] Life insurance [] Business property insurance [] Comprehensive general liability insurance [] Business interruption insurance [] Workers' compensation insurance [] Other
to transfer risk from the owner to the insurance company
Insurance options for white color workers differ in that doctors, lawyers and such are included. Malpractice insurance is needed to cover these workers. There are white color workers though that so not need any different insurance than others.
form_title=Tech Insurance form_header=If you have a high tech and cutting edge business you could really benefit from insurance programs designed specifically for the technology industry. Select the area of your technology business:= {(),IT consultants,Application service providers,Database administrators/designer. Computer consultants,Computer programmers,Hardware installation experts,Integration Specialists,IT project managers,Online security specialists,Software developers,System designers,Website developers,Other} Type of insurance needed (Check all that apply):= [] Professional liability insurance [] General liability insurance [] Business owner insurance [] Workers' compensation insurance [] Other Type of Business Entity:= {(),Corporation,LLC,Sole Proprietorship,Partnership,Non Profit,Trust,Other} Years In Business:=_
form_title=Cheap Business Insurance form_header=Looking for affordable business insurance? Find a plan that fits your business needs and your budget. Type of Business Entity:= {(),Corporation,LLC,Sole Proprietorship,Partnership,Non Profit,Trust,Other} Type of Insurance Needed:= [] Business Owners Policy [] Commercial Auto Insurance [] Business Property Insurance [] Business Liability Insurance [] Home Business Insurance [] Workers' Compensation [] Business Umbrella Liability [] Professional Liability Insurance [] Directors and Officers Liability [] Business Identity Theft [] Group Health Insurance [] Business Life Insurance [] Key Person Life Insurance [] Agricultural Insurance [] Product Liability Insurance [] Personal Insurance [] Not Sure [] Other
Insurancees for a beauty therapy business are: Salon insurance, Salon Gold, Beauty Guild, Salon Insurance, Parmai Insurance, Simply Business, Aib Insurance, Hiscox, Insurance House.
Homeowners insurance typically does not cover a home business. Additional insurance, such as a business owner's policy or a commercial insurance policy, may be needed to protect a home-based business.