If you are a small business employer and even have only one employee then you better have workmen's compensation insurance, if you don’t in some places you can be thrown in jail. Employees can get hurt anytime and you just never know what can happen. If they are on their way to work or on there way home your small business might be liable for some or all of their lost wages if they are injured. This is my view of the situation.
Even with all the CYA's in the world and manuals on ergonomics and special procedures this does not alleviate your responsibility. You might have a very safe work space, but as they say; things happen. Unfortunately, we found in our company that the Workmen's Compensation Insurances rates have increased dramatically. We believe this is from all the lawsuits and over regulation of the insurance industry. Now there are fewer companies that provide this insurance. This appears to have driven the cost up substantially.
Nevertheless, not having Workmen's Compensation Insurance, we know is not an option. We found that by checking around and finding the best rates we were able to save a lot of money each year on premiums. But we also found that you need to make sure you know what is covered and understand those policies completely. This is why we found an expert to help us.
I certainly hope this article is of interest and that is has propelled thought. The goal is simple; to help you in your quest to be the best in 2007. I thank you for reading my many articles on diverse subjects, which interest you.
"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/. Lance is a guest writer for Our Spokane Magazine in Spokane, Washington
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