Worker's Comp Insurance
Worker’s Compensation Insurance is insurance that businesses pick up in case a worker that they employ either get’s injured doing the job and for other things like if a w-2 wage salary worker files for unemployment. If a W-2 wage worker files for unemployment your worker’s comp insurance would cover the policy.
Is Worker's Compensation Required?
Worker’s Compensation Insurance is actually required by law in most states. There can be certain exceptions if you have a very small workforce or hiring contractors. It is important to check your states laws. If you have employees in certain states it could be illegal not to have it. It could result in penalties or fines to even legal consequences such as criminal charges and shutting down of business.
Insurance Broker Resources Worker's Compensation Insurance
If you are a business owner and have been looking to get worker’s compensation insurance give Insurance Broker Resources a call to get a quote to see if we can consult with your business for best insurance practices and see if we can get you better insurances and save you money!
Check out what Wikipedia has to say about worker’s compensation.
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