Workers Compensation Insurance

Workers’ compensation insurance is essential for most businesses with employees. Here’s a breakdown of who typically needs this coverage:

Businesses with Employees – In most states, any company with one or more employees must carry workers’ compensation insurance to comply with legal requirements.

Self-Employed Individuals & Independent Contractors – While not always required, some independent contractors or freelancers may choose to carry workers’ comp for protection, especially if they work in high-risk industries or need it to secure contracts.

High-Risk Industries – Sectors like construction, manufacturing, healthcare, and transportation often have strict workers’ comp requirements due to the higher risk of workplace injuries.

Employers in States with Strict Regulations – Some states have more stringent workers’ comp laws, requiring coverage even for part-time or seasonal employees.

Business Owners with Subcontractors – If a company hires subcontractors, they may be required to provide coverage unless the subcontractor has their own workers’ comp policy.

Regardless of legal requirements, workers’ compensation insurance is a smart investment for any business to protect employees and mitigate financial risks associated with workplace injuries.