Workers Compensation InsuranceIn the event of an Accident at Work involving a disabling (temporary or permanent) personal injury, this insurance provides steady financial compensation for the duration of the injury. The amounts typically vary based on the earned income of the individual employee. If you are a one man shop, then it's very likely that you are not required by state / federal employment laws to carry workers compensation insurance, and you may be tempted to save yourself some additional expenditure by not having it, but the most important thing to remember is that if indeed you are a one man shop and you happen to get hurt to the extent that you are temporarily or permanently injured (disabled), then who's going to be paying your bills? If you have a larger business with one or multiple employees, then you probably don't have the option but to provide this to all your employees. Check your State's Workers Compensation Requirements law to find out what you need to provide. In the event of a serious disabling injury you should definitely consult with a workers compensation attorney / construction accident attorney in order to know what your rights are.
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