Small business owners often assume workers comp is only a concern for large companies. That’s not true — even a single-employee business needs coverage in most states.
Do Small Businesses Need Workers Comp?
In most East Coast states, you need workers comp as soon as you hire your first employee. New York, New Jersey, Connecticut, and most other states have no minimum threshold. The consequences of going without can be severe — personal liability for medical bills and lost wages, plus fines and potential criminal charges.
How Much Does Workers Comp Cost for a Small Business?
The cost depends entirely on your industry and payroll. A small office-based business with two employees might pay a few hundred dollars a year. A small landscaping company with three employees might pay several thousand. The only way to know is to get a quote.
Can a Small Business Owner Cover Themselves?
In most states, sole proprietors are not required to cover themselves but can elect to. If you’re injured while working without coverage, you pay your own medical bills and lose income with no replacement. Many small business owners add themselves for the protection.
Get a Small Business Workers Comp Quote
Comp Matters Inc. works with small businesses across the East Coast — from solo contractors to growing companies. Call (631) 248-2500 for a free quote today.
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