How to Opt-Out of Workers Compensation Insurance As a Business Owner

Tip 1 - What Employers Need to Know about Workers' Compensation Insurance

All states have mandatory workers' compensation laws to protect employees who get injured, sick, or killed on the job. In most states, businesses must accept the laws' provisions and provide the benefits. The insurance pays medical, disability, survivor's, and rehabilitation benefits, and in exchange, employees give up the right to sue. Most workplace injuries are covered on a no-fault basis--benefits are paid regardless of who is blamed for the accident. In some situations, employees are covered for accidents occurring outside the workplace.

Tip 2 - Are Business Owners Eligible for Worker's Compensation? | eHow

Workers' compensation provides legally defined benefits to employees for occupational injuries or disease. Business owners are eligible on a voluntary basis for workers' compensation insurance. The business structure determines the method by which the business owner obtains coverage. Since many group and individual health insurance policies...

Tip 3 - How to Opt Out of Workers' Compensation Insurance as a Business Owner

If you are a small-business owner and you have employees on staff, almost every US state requires you to carry workers' compensation insurance. However, some states, such as Texas, allow ...

Tip 4 - Does a Business Owner Have to Have Workers' Comp?

Almost every state requires that a business purchase workers' compensation insurance to cover on-the-job injuries to employees. In most states, business owners are allowed to exempt themselves from ...