We’ve said it before, and we’ll say it again; if you have one employee, you need Workers’ Compensation coverage.
A necessity for most employers, but are you sure your practice needs it?
Who needs it?
Generally, soleproprietorships & partnerships aren’t required to have workers’ compensation insurance, so long as they aren’t any non-owner employees.
Some states may be forced to go with a state provider. In that case, you won’t need to shop around, if you don’t have a choice for that matter aren’t required to get it.
However, most practices that need workers’ comp insurance and have the ability to shop among different providers should take the opportunity to see what’s on the table.
Is It Time to Purchase Workers’ Comp for Your Practice?
So long as the ailment is related to their work, it steps in when your insured employee suffers a work injury or illness. Your employees can receive the benefits your coverage entitles them to.
Most states require employers to have a Workers’ Comp policy in force once they hire employees. Varying by state, the laws depend on where you live, but the majority of states mandate that you cover any full- or part-time employee.
Some exceptions apply, for instance Texas is the only state where this policy is optional. Other states, like Florida and South Carolina, require that you carry coverage once you have at least four employees.
No practice owner likes the process of shopping for, and committing to new workers’ comp insurance, so let us handle all that since it could better protect your workers from injury and save you money in long run.
You need someone to keep things consistent between each carrier in order to receive accurate quotes.
We’re here to help!