Do you need to have workers compensation insurance? Workers Compensation covers employees for "on the job" related injuries. Many people are confused on this issue and are not sure if they have to have workers compensation insurance. I have some information here to explain the requirements.
GENERAL REQUIREMENTS:
- GENERALLY - ALL EMPLOYEES must be covered under a workers compensation policy.
- EXEMPT EMPLOYEES: Some employees are exempt from coverage. You can get a complete list here: https://www.revisor.mn.gov/statutes/?id=176.041. If you are an owner, officer or family member of an owner, you probably are exempt from having coverage.
- I have provded a file explaining the coverage requirements more in detail for you to review. Please Click Here to view this file: Who Needs Workers Compensation.pdf
- Minnesota Department of Labor does conduct audits on this issue and you can be fined for not having coverage if you are required to do so.
WHO DO I CONTACT ABOUT COVERAGE?
Your Insurance Agent should be able to provide you with the information you will need about this coverage. They can discuss the coverage, if it is necessary, and the costs related to coverage. Please contact your insurance agent to be sure you have the proper coverage.
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