Workers Compensation Insurance

Different states require different coverage for workers compensation. This type of business insurance is particularly demanded by those in the construction industry. Even if you only have one employee, you must carry this type of coverage.

If you are involved in a field of work other than construction but sustain four or more employees, you may be forced to obtain this policy. It comes into play if and when an employee suffers a work-related injury or illness. Rates for these policies are calculated based on an average rate of injury for your business type. It also takes into account the amount of hours your workers spend at the labor site.