Workers Compensation for technology business

Workers Compensation for technology business

Worker's Compensation for Technology Business Quotes

InsuranceTrak’s “Pay-as-you-go” workers’ comp insurance can easily fit into your business model

Definition of Workers’ Compensation Insurance

Most states mandate workers’ comp insurance when you have W2 employees.  A number of states require that you also cover your 1099 contractors. This applies to traditional businesses as well as to IT or technology businesses.  Workers’ Comp insurance covers your employees’ medical and disability expenses resulting from injuries received while in the course of their employment.  In a number of states, owners, partners and officers are able to decline to participate in their companies’ workers’ comp plan.

       Employers Liability coverage:  this is included in workers comp policies and protects your company in the event that an employee claims that their injury/ illness was caused by your company’s negligence or failure to provide a safe work environment.

       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.

Workers’ Compensation Rules and Regulations Vary by State

Below you can scroll to your state and access state-specific information addressing each state’s workers' comp rules and requirements.

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Worker's Compensation for Technology Business Average Cost