Workers Compensation Insurance
for Painting Contractors
Employers Insurance
Workers' comp covers employees' job-related injuries. Unlike general liability insurance, workers comp also protects the employers from being sued by their employees for negligence. If a painter hires an apprentice who injuries his back on a job, workers' comp covers his medical bills and claims for pain and suffering. If his injury disables him and prevents him from painting again, workers' compensation insurance for painters will pay to train him for a new career.
YOU NEED WORKERS COMP INSURANCE IF YOUR BUSINESS:
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Is ready to hire employees
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Has 1 or more full time employees
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Has 1 or more part time employees (most states)
HOW MUCH DOES WORKERS COMPENSATION COST?
Depending on what state you operate in, the difference can be between $.75 to $2.74 per $100 in employee wages. So if your paying your painter $40,000 a year you are looking at $300- $1,100
HOW MUCH DOES IT COVER?
Typically workers compensation covers minimum of $100,000 and can be up to $2,000,000
IS THERE A DEDUCTIBLE?
This vary's per state. (look up your state)
WHAT DOES WORKERS COMP INSURANCE COVER?
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Medical Bills
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Time Away From Work
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New Career Training
So for under $1000 a year you can start a painting business and confidently hire an employee and know they are covered if there is an accident.
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