Workers' compensation insurance
Most states require businesses with employees to carry workers' compensation insurance. However, it's sometimes possible to get a waiver of your workers' comp requirements.
Most businesses with subcontractors aren’t required to have workers’ comp coverage. However, this insurance policy is still highly recommended because it can cover medical bills and...
Regulations for workers’ compensation insurance vary by state. Learn more about workers’ compensation state laws and how they apply to your small business.
State laws usually require businesses to buy workers' compensation insurance when they have employees. But even if you work as a sole proprietor, you may still need this coverage.
The rules around workers’ compensation can get confusing when you don’t have employees. Here’s a clear breakdown of when it’s required, when it’s not, and why you might still want coverage even as a...
Ohio, North Dakota, Washington State, and Wyoming are monopolistic states. These states require employers to purchase workers' compensation insurance from a state-run fund, rather than the private...
Limited liability companies are often required by state law to carry workers' compensation insurance if they hire employees. LLCs without employees often benefit from a workers' compensation policy,...
State laws often don't require independent contractors and self-employed professionals to carry workers' comp. But it may still be necessary depending on your profession and industry risks.
Employer’s liability insurance protects business owners from lawsuits filed over workplace injuries. Most workers' compensation policies include this coverage.
Most small business owners must purchase workers' comp for their employees, but generally do not need to carry it for themselves. However, it's often recommended, as personal health insurance often...
Most states don’t require companies to provide workers’ compensation coverage for independent contractors. Still, many freelancers and subcontractors choose to carry it themselves since it can cover medical costs from work-related injuries that health insurance often excludes.
The average premium for workers' compensation insurance is about $54 per month. Your exact cost will depend on several factors, including your policy limits, business location, industry risks, and number of employees.
