Writing a business plan, choosing a business location, financing your business, obtaining a tax identification number, business licenses and permits seems like a long list and a lot of work. Even after all those requirements are completed, there is still one very important element missing—Workers’ Compensation insurance. Not only is Workers’ Compensation insurance required in most states, it’s also important to help protect both you and your employees from the unexpected.
After some extensive research on Workers’ Compensation, we stumbled upon an article that answers most of the “what,” “why,” “when,” even the “how much” questions. If you have a small business or plan to start your own business, check out the information below from the National Federation of Independent Business to help: