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TechInsurance helps you anticipate the risks of on-the-job injuries and illnesses
Workers Compensation Insurance is required by regulation in most states when
you have W2 employees. In some states the requirement may include that you cover
your 1099 contractors. Workers’ Compensation insurance covers your employees’
medical and disability expenses related to work-related illness and on-the-job injuries.
In some states, owners, officers, partners and other principals can decline to participate
in their own companies’ workers’ compensation coverage.
Employers Liability coverage, also included in these policies, protects your
company should an employee claim that his or her injury or illness was caused by
your company’s negligence or failure to provide a safe workplace.
Employer’s Liability coverage may be described in your contract in this
way: "Workers’ Compensation and Employer’s Liability Insurance
shall be provided as required by law or regulation (statutory requirements). Employer’s
Liability insurance shall be provided in amounts not less than $500,000 per accident
for bodily injury by accident; $500,000 policy limit by disease; and $500,000 per
employee for bodily injury by disease."
Scroll to your state below to access information on your state insurance website
regarding workers' compensation rules and requirements.
Figure out which insurance you need based on the language in your contracts.
Learn your risks, how insurance protects you, and what a typical policy costs.
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