Workers Compensation insurance is required in most states to pay benefits to workers injured on the job. It protects the employees from incurring medical debt or loss of wages due to an on the job injury. The Employer’s Liability portion of insurance provides immunity to the employer from civil lawsuits relating to the accident or incident that may have caused the injury. Workers Compensation insurance provides the following benefits: death benefits, vocation rehabilitation and job displacement, temporary and long-term disability and medical care.
- Sole Proprietors and Independent Contractors: If you are a sole proprietor and have no employees, you are generally not required to have workers’ compensation insurance for yourself. However, if you hire employees, you would need coverage for them.
- Agricultural Employers: You are exempt unless you employ three or more employees for 35 hours or more per week for 13 consecutive weeks.
- Domestic Workers: You are exempt unless they work 35 hours per week or more for 13 weeks or longer during the preceding 52 weeks.
- Partners and Corporate Officers: There are specific situations where partners and officers in partnerships, LLCs, and corporations might be exempt if they meet certain ownership criteria and file the necessary exclusion forms.
- Family Members: Family members working for a relative as an employee might also be exempt.
Click HERE for more information on determining if you need workers compensation insurance.
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