Workers compensation insurance protects the key players on your team – your employees. You count on them for the service, knowledge and expertise needed to move your business to the next milestone.
Rates for coverage will depend on your state and payroll. Two other important factors that determine cost are the type of work your employees do, as well as any previous claims and workplace accident history.
Almost every state requires companies to carry workers’ compensation insurance to cover employees, but the laws vary by location and occupation. Some states will not cover seasonal employees, independent contractors, or agricultural employees , so it’s best to contact your state’s government agency to see if you are protected.