Workers Comp insurance is a separate requirement from liability or health insurance. Neither health nor liability will cover injuries of employees on the job. Having insurance means that a business can pay for medical care, lost wages and death benefits. Most states will require that you purchase a policy. Currently the only state not regulating Workers Comp is Texas.
Cost for carpentry insurance is more expensive than the same coverage for an office worker because of the inherent risks of the job. A stand-alone policy is a great option for larger operations but not the best option for small business. If a company has a high number of claims, it can be difficult to purchase stand-alone coverage. With PEO/Employee Leasing your business will have coverage, the payment options are more flexible and the policy will be there to grow with the company. If you are a small business looking for carpentry insurance be sure that you request a quote for PEO/Employee Leasing before purchasing a stand-alone policy
If you are still unsure as to what policy is right for you, speak with an agent by phone 800-253-7040. Otherwise if you would like to request a quote, please use our online form. We will be happy to answer any questions you have. E-WorkersComp.net covers 46 states including carpentry insurance in Florida, California, Texas, Arizona and Louisiana.