Workers Compensation Benefits For Contractors and Agricultural Office Employees
If you’re an employer with one or more employees, you probably already have workers’ compensation coverage. However, if you’re a self-employed individual or contractor, or work in an agricultural office, you might want to learn more about the benefits of this policy. There are three main types of employers covered by workers’ compensation: Employers who employ one or more employees and self-employed individuals. Also covered are those who hire other people to complete tasks for them.
How do I know if I have workers’ compensation coverage?
Here are some tips to help you figure that out.
Employers with one or more employees
Workers’ compensation coverage is mandatory for employers with one or more employees. Coverage can be purchased through a commercial insurer or through self-insurance, a group self-insurance association, or a professional employer organization. Unlike self-insurance, commercial insurance is not obtained through the Commission, but through an insurance agent or carrier. In some cases, executive officers may reject coverage under the Act, but only with proper notice.
For example, if an employer employs a construction worker, he or she is required to carry workers’ compensation insurance. Additionally, if the company engages in construction or other trades, such as mining, then it must have coverage for these workers. Subcontractors should also have coverage. In addition, employers with two or more employees are required to carry workers’ compensation coverage, whether or not they employ their own employees.
Self-employed individuals
As a self-employed individual, you’ve likely heard about the importance of workers’ compensation coverage. Although most businesses are required to carry this type of coverage, this type of insurance isn’t always taken seriously. In fact, you may find yourself in a situation where you have an injury while on the job. Without the proper insurance, you could be responsible for paying a large medical bill, or even losing your income.
You can choose wage replacement coverage if you’re self-employed. This type of coverage will compensate you for lost wages or income if you become disabled while working. Ghost policies also exist. These policies are zero dollar-priced and are available for independent contractors, … Read more