The law tends to vary from state to state, but generally speaking, if you have workers, you are required to carry workers comp.
In some states, like Arkansas, if you only have one or two employees, you can buy workers comp at your discretion. In Texas, it’s not a legal requirement, but employers will be held liable in the event of an on-the-job injury.
If you’re hiring contractors and freelancers, you’re not generally required to cover them on workers comp as they typically bring their own insurance, if necessary.
The question of need extends beyond legal requirement, however.
In every state in the union, if an employee is injured while performing their job duties, you can be held liable, and the expenses of even a single injury can sink a typical Boise, ID business. Even if you can afford to cover it, that’s a lot of money to pay out of the corporate account or even your own pocket.
You’ll want to check what the law is in your state as soon as you begin hiring fulltime employees, but it’s generally not a good idea to go without workers comp, whether or not you are legally obligated to carry it.
If you’re looking to get your people covered in Boise, ID, get in touch with Fuhriman Insurance Agency and see what they can do for you. Whether or not you are legally required to carry worker’s compensation, it can make a big difference in the future of your business. Even in a relatively low-risk work environment, injuries can happen, and when they do, it’s good to know that an insurer like Fuhriman Insurance Agency has you covered.