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Possibly. Your clients may require you to carry the coverage so you don't come back after an injury and claim you're their employee rather than their contractor. Though your state may provide an exemption (be sure to properly exercise the exemption if you opt to take it), there are many benefits to comp, such as lifetime medical for work related injuries. If you're hurt & can't work, who will continue to pay your health insurance premiums? Your agent can give you a quote and discuss your situation in detal to make an informed decision.

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16y ago

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Related Questions

What kind of insurance does a self employed contractor need?

A self employed contractor general liability ins., Workers comp if a corporation, but whoever is the bond company they should be able to assist in insurance coverage for the company.


Are self employed owners who have no employees required to have workmens comp insurance?

You are allowed up to three employees before you have to do workman's comp.


You are a sub contractor work by your self do have to pay workmans comp?

In some states being a sole proprietor with no employees allows you a waiver for the state required workmans comp insurance. However, many large companies as well as state and federal projects will require WC insurance, regardless of the waiver status.


Do self-employed workers need a solo 401k?

Yes, if your self employed you are responsible for a retirement fund. If no 401k account is created, and you remain self employed you will only have what cash you have in the bank to live on.


Do you need workmens comp in New Jersey if you are a self-employed sub-contractor?

i am a small business owner have my own LLC and dont have any employees - i do small landscaping jobs - - a client is now telling me that he will not pay my invoice until i provide him my workmans comp insurance number - can he do that - why does my having or not having insurance have to do with my invoice


Does a self employer cabinetmaker need workers comp insurance?

If you are injured in the course of self-employment, YOU alone pay your med bills. If unable to work after a work accident, you earn zero income. In many states, the self-employed CAN buy WC insurance from the state employment commission to cover those risks.


As a business owner can you get workmans comp for your self?

of course if you insure yourself and are injured on the clock. You only get compensated for set pay though, so if the business keeps running while your out and you normally just make profits then theres no point


What type of coverage does a self employed hair stylist need?

A self-employed (or independent contractor) hair stylist should have personal liability insurance and a business license.


Do you get 1099 for workmans comp?

Being paid by on a 1099 basis means you are an independent contractor, basically self employed. The amounts that would be paid by an employer for his employee are now your responsibilty, like the employer portion of FICA (7.56%). However, as someone self employed, you probably aren't covered by WC protection, and certainly not Unemployment, so you won't be making contributions to it. It's probably negotiable. But just because a company pays into WC for you doesn't make you an employee. Many states are "ladder states," meaning liability follows up the ladder until someone can pay. In Texas, General Contractors are required to carry Comp for their subcontractors (who are 1099 workers) who don't have it, or remain liable if they don't (since TX is the voluntary Comp state.) If you can carry your own WC, it may make you more marketable. You can check with those you do work for before you decide.


How much do you need to report to the IRS when self employed?

You need to report all of your income to the IRS whether you are self-employed or not. Anyone who receives at least $400 in self-employment income must file a federal tax return. State rules vary.


What is a self employed architect?

A self employed architect is bob the builder


Where can the information about self employed tax be found online?

The IRS website offers a lot of information on self employed tax. They describe "who is self-employed", "what are my obligations to paying taxes if one is self-employed" etc.

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