Workers Compensation Insurance is elective if the company has LESS than their state’s required minimum number of employees to insure. These states include: AL, AR, FL, GA, MS, MO, NM, NC, SC, TN, VA, and WI. (Minimums differ from state to state). Stringent employee reporting requirements are on the employer with puntive penalties for non-compliance. Please refer to these workers compensation state rules to learn if you need to buy a workers comp policy.
Texas businesses are not required to carry workerscomp insurance. However, Texas employers are “on the hook” for medical and all ancillary expenses when a work injury or work illness occurs.