Episode 171

171. Do You Need Worker's Comp Insurance?

Spoiler alert: the answer is probably yes! Take a deep dive with me into the critical yet often overlooked requirement of Worker's Compensation Insurance for small business owners. Drawing from my firsthand experience, I underscore the severe financial risks and legal trouble you could face without this insurance.

Even if you have a remote workforce or you're the only employee in your business, there are legal requirements you must meet. I provide a detailed overview to help you assess your workers' compensation insurance needs, select the right policy, and ensure compliance with state-specific regulations.

This episode is a resource aimed at empowering you to proactively secure workers' compensation insurance to stay in compliance and safeguard your business's future!

What you'll hear in this episode:

[1:05] The importance of workers' compensation

[3:20] A brief history of workers' compensation

[5:35] Understanding the impacts today

[8:30] Navigating workers' compensation for solopreneurs and small businesses

[10:10] Steps to acquire workers' compensation insurance

Listen to Similar Episodes:

147. Navigating Wage and Hour Laws

153. Small Business Strategies to Chart Your Path to Growth

154. PEOs Unwrapped: BTS at People Principles

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