If you have employees, then you need to make sure that you also have PA workers comp insurance. It doesn’t matter how many or how few employees you have, you never know how much a single workplace accident can cause you, and you probably hope that you never have to find out how much. Protect yourself and your employees with the right coverage.
Specific and comprehensive benefits are provided with workers comp, including lost wages, medical expenses, death benefits and vocational rehabilitation. Now that you see examples of what’s covered by workers comp, you have a better understanding of just how much you stand to lose without coverage. Something else to think about with PA workers comp insurance is that by not having it you leave yourself open to having to pay state penalties.
If you plan on moving your business to another state, make sure that you familiarize yourself with your new state’s laws regarding workers comp before you relocate. The reason for this is that there are some states that require employers to get insurance through state-operated funds, which is the only way to make sure that employees are legally covered.
If you are the sole proprietor of a business or in a partnership, you more than likely won’t be required to have workers comp insurance, but it can be a good idea to get some type of professional insurance for your protection as well as for the protection of anyone you work with in the future.