When an employee is injured while on the job, they will need help paying their medical bills and supporting their family. Workers’ compensation is designed to protect both employer and employee. Employers are protected from litigation while employees are provided with compensation to cover their medical bills or day-to-day living expenses. In North Carolina, any business with three or more workers must carry workers’ comp insurance. However, there are a few exceptions to the rule. It is important to have all of your questions answered before purchasing a workers’ comp insurance policy. You should also have a good idea of your overall risk.
Who Is Required to Carry It?
Any business or company with three or more employees is required by law to carry workers’ compensation insurance. Sole proprietorships, partnerships, corporations, and limited liability corporations need this type of insurance to protect them from financial loss if one of their employees gets hurt on the job. This coverage will also protect you if a subcontractor is injured while working on your property. Even though they are not your employee, you may be liable for their injuries.
In North Carolina, Is Anyone Exempt from Carrying Workers’ Comp Insurance?
There are a few exceptions to the rule when it comes to workers’ comp insurance. A sole proprietor or business partner may not have to purchase workers’ comp insurance unless they want to. Household employees, government employees, and farmworkers are also not required to carry a workers’ comp policy. If you are a sole proprietor, you can sign a waiver to avoid purchasing workers’ comp insurance. However, for many sole proprietors, it is beneficial to carry the insurance no matter what their risk is.
Where Can You Get Workers’ Comp Insurance in North Carolina?
In North Carolina, you have the option to purchase your workers’ comp insurance from the provider of your choice. Most insurance agencies can go over your needs with you and help you find a good policy that will protect both you and your employees. They can help you determine your overall risk and then go through the policies they offer so that you get the one closest to meeting your needs.
How Do You File a Claim?
If you were injured while on the job, you will want to notify your employer immediately and then seek medical attention. Once your injuries have been assessed, you can contact your employer and file a workers’ comp claim. You will have to fill out a claim form and agree to be examined by a third-party medical examiner. Once your claim has been approved, you will begin to receive compensation.
North Carolina business owners should consider the importance of having a quality workers’ comp insurance policy for their employees. Contact our agents at Pittman Insurance Group. They have years of experience you can rely on to find the right policy that will protect you and all of your employees. Schedule an appointment with our agent today so that you won’t go a day without the right amount of coverage.