UNDERSTANDING WORKERS' COMPENSATION FOR SELF-EMPLOYED AND INDEPENDENT CONTRACTORS

Who Needs Workers' Comp?

Self-employed individuals don’t always need workers' comp, but certain industries or client contracts may require it. Know when coverage applies to your situation.

Benefits of Having Coverage

Workers' comp protects your income if you get injured or sick on the job, covering lost wages and medical expenses.

Requirements Vary by State

Coverage rules for self-employed workers differ across states. Some states require all workers, including sole proprietors, to have insurance, especially in high-risk jobs.

Health Insurance Isn’t Enough

Health insurance doesn’t cover job-related injuries or illnesses. Workers' comp fills this gap and can prevent unexpected expenses.

Cost Considerations

Workers' comp for the self-employed is affordable, with median monthly costs around $67. Rates vary by location, industry, and claims history.

Protect yourself and your business with workers' compensation coverage tailored for self-employed professionals and contractors. Contact CF&P Insurance to learn more and get started on securing the right coverage for you!

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