Do Family-Owned Businesses Need Workers Compensation Insurance?

Workers compensation insurance laws are confusing for many small business owners. This leaves many people wondering whether they need to carry insurance or not. Here at Henderson Insurance Agency, serving the greater Harrisburg, PA area, we love to answer insurance questions for potential clients and existing customers. If you have a family-owned business, one of the questions you may have is whether or not you even need workers compensation insurance. Here is the answer to this question. 

The easiest way to determine whether you need workers compensation insurance or not is to ask yourself if you have any employees. If you have employees other than yourself, your spouse and/or any business partners, you are required to carry workers compensation insurance on those employees. It does not matter if you only have one employee, whether you are a family-owned business or if your business is profitable. As long as you have one or more employees, the laws are very clear that you are required to carry workers compensation insurance. 

Here at Henderson Insurance Agency, serving the greater Harrisburg, PA area, we know that the laws related to workers compensation insurance can be hard to follow and are murky at times. This is why we are here to help you. Whether you have questions about workers compensation insurance or are looking for a new policy, we can help. Give us a call today and let us discuss your workers compensation needs with you and help you determine whether you need a policy or not. If you do need a policy, we can help you find the right one for your needs.