| The basics of workers compensation
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| | Available to Small Businesses in Search
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| insuranceThe thing most small businesses
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| | of a Workers Comp Policy? Surprise again,
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| most commonly overlook about workers comp
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| | things are going to get a bit more
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| insurance is this: they need it. Unless
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| | complicated. Each state has a regulatory
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| you're in Texas , that is. The other 49
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| | body that monitors workers compensation
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| require small employers to cover their
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| | insurance. Most are regulated by the
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| employees' lost wages and/or medical
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| | National Council on Compensation
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| expenses in case they're hurt on the
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| | Insurance. Others have state-specific
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| job.Different states have different
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| | organizations that serve the same
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| coverage requirements and mandate what
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| | purpose. N. Dakota , Ohio , Washington ,
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| percentage of an employee's salary must
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| | W. Virginia and Wyoming deliver workers
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| be paid in the case of work related
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| | compensation insurance through a
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| injury. Also, some states allow small
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| | monopolistic state fund.If you find
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| businesses of a specified size to
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| | yourself in one of the five states with a
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| self-insure their workers comp. This
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| | single fund you're finished shopping for
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| means that if a small business is small
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| | a carrier. You will however need to
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| enough it may legally opt to pay for
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| | purchase your employer liability
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| claims directly out of pocket. So if
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| | insurance through a separate commercial
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| you've only got a handful of employees it
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| | insurer.If you find yourself in one of
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| might not be necessary to actually
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| | the other 45, you usually have a choice
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| purchase a policy from an insurance
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| | among the nation's largest insurers.
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| company.The confusion doesn't stop there.
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| | Liberty Mutual, Travelers, Kemper and The
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| Some states don't require coverage for
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| | Hartford are the most common.If the big
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| certain types of employees. Often the
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| | name insurers don't get your fancy then
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| owner of the business doesn't need
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| | you may still have two more options: self
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| coverage as well as, unpaid volunteers
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| | insurance, as mentioned earlier, and
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| and domestic employees.Variation in Small
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| | state insurance pools. State pools
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| Business Workers Comp Policies Although
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| | usually attract the companies that are
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| there is a lot of variation from state to
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| | too risky for big name insurers. This is
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| state, workers comp packages are fairly
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| | typically a last resort option for
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| standardized from state to state. Nearly
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| | companies that can't get coverage
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| all basic packages cover: medical
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| | anywhere else.Nearly all of the states,
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| treatment, lost-wages and rehabilitation.
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| | 47, have the option of self-insuring.
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| Liability coverage is also fairly common
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| | This option however requires the employer
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| and protects the policy holder from those
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| | to assume all risk for work related
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| pesky ambulance chasers.What Options are
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| | injuries.
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