Coverage
Required in nearly every state the moment you have employees. Not optional, and not the same as general liability.
Who needs it: Any business with employees. Most states require it, either from the first employee or above a small threshold, and a handful allow employers to opt o...
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These are the gaps that turn into denied claims, so it is worth knowing where this policy stops.
Any business with employees. Most states require it, either from the first employee or above a small threshold, and a handful allow employers to opt out with consequences attached. Sole proprietors and partners can often elect to include or exclude themselves.
There is no limit to choose. Workers compensation pays statutory benefits, so the policy responds for as long as the injury requires. What varies is the employer liability limit, commonly set at 500,000 or one million.
There is no single price, because the price follows your operation rather than the policy name.
Only if they are not genuinely independent. An uninsured sub who is really an employee can be treated as one after an injury, and the claim lands on you. Collect certificates from your subs, and check that they are current rather than collecting paper.
Penalties, and worse, direct liability for an injured worker's medical costs and lost wages with no policy to respond. Most general contractors also require proof before they let a sub on site, so it costs you work as well.
Often you can elect to include yourself, and sometimes you must in order to work for a general contractor. It is worth doing if your income stops when you are injured.
Because workers compensation is priced on payroll and the policy starts on an estimate. If you grew, used more subs, or were misclassified, the audit adjusts the premium. Accurate estimates at the start avoid the surprise at the end.
Tell us your trade, payroll, state and what your contract requires.
