Workers Compensation Insurance

If you have employees, you probably need Workers Compensation Insurance. Workers Compensation insurance will provide coverage for your employees when they are injured on the job. If you don’t have employees, and are using 1099 labor, you may still be required to purchase a Workers Compensation policy to provide coverage for those 1099 contractors. Some things to consider when it comes to 1099 contractors and Workers Compensation insurance are:

• Who sets the work hours/schedule?
• Who owns the vehicles?
• Who is responsible or maintenance of the vehicles?
• Does the 1099 contractor recieve all or most of their annual compensation from you?
• Who is in control?

Occupational Accident Insurance

If you are an independent contractor, then you may need to purchase an Occupational Accident Insurance policy which would provide coverage to help pay medical bills, death benefits, and replace lost wages due to an injury.

Many people feel that their health insurance policy will pay for injuries sustain while on the job. A number of health insurance policies exclude injuries sustained while on the job. If you are lucky enough to have your health insurance policy cover such an injury, they do not replace lost income.