Workers’ Compensation checklist for small business owners

Determine if you need Workers’ Compensation insurance: In most states, businesses with employees are required to have Workers’ Compensation insurance. Check with your state’s Workers’ Compensation board to determine if you need coverage.

Understand your state’s requirements: Each state has its own Workers’ Compensation laws and regulations. Make sure you understand the requirements in your state.

Classify your employees correctly: It’s important to classify your employees correctly to ensure they are covered by Workers’ Compensation insurance. Misclassifying employees can result in fines and penalties.

Create a safety program: Establishing a safety program can help prevent workplace injuries and illnesses. Make sure your employees are trained on safety procedures and that you have a plan in place for reporting and investigating accidents.

Report injuries promptly: If an employee is injured on the job, it’s important to report the injury promptly. This will help ensure that the employee receives the medical care they need and that you comply with reporting requirements.

Maintain accurate records: Keep accurate records of workplace injuries, safety training, and Workers’ Compensation claims. This will help you identify trends and areas for improvement.

Review your policy regularly: Review your Workers’ Compensation policy regularly to ensure that it still meets your needs and that you are getting the best value for your money.