Workers Compensation and Employer Liability Insurance is mandatory for all W2 Employees and in many states your 1099’s need to be covered too. Workers Compensation covers occupational injuries and diseases that were received at work. Fault is not an issue and even if the employee contributed to his/her injury or illness the employer is still liable.
Workers compensation in the state of Missouri is a state-mandated, “no-fault” insurance system that pays benefits to workers injured on the job. Workmans comp needs to be obtained by any employer who has an employee and this coverage needs to be obtained before the employees first day of work. There are a few circumstances where employers can be exempt. In return for carrying a workers comp policy, employers receive immunity from civil lawsuits filed by employees over workplace injuries.
Missouri has workers compensation laws that allow certain types of businesses to choose to be exempt from providing workers comp insurance. If an employer chooses to be exempt from providing workmans comp insurance they are still responsible to provide benefits to an injured worker. These employers also remain exposed to civil lawsuits brought by employees who are injured during work.
If the State of Missouri requires you to carry workers compensation and you fail to do so, you are exposed to severe civil penalties and fines. The employer can also be liable for the costs of any injuries suffered by your employees.
Workers compensation insurance in Missouri can be purchased through the private market where companies bid on your policy or through some type of state fund. State workers compensation insurance is usually the option of last resort because it can be much more expensive than through the private market. The obvious goal is to get the cheapest or a cheap workers comp rate that provides for adequate coverage.
The State of Missouri does recommend a process for reporting an injury. After an injury has occurred, the injured worker should notify the employer in writing of the injury; the written notice should include the date, time and place of injury, the nature of the injury and the name and address of the person injured…………
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