I am New Business Owner; How Do I know If I need Work Comp’s Insurance?

workers compAs a new business owner, you have probably gone down the list of all the requirements you may need to start your business. You have gone through the checks and balances, equipment, employees, and verifying that you are ready to provide services to clients. But did you consider insurance for worker’s comp?  Worker’s Comp insurance in Massachusetts is very important to consider and have, even if you only employed one person. Taking action to get insurance certifies that you and your employees are covered, should anything happen to them while on the job. It also protects you from potentially threatening lawsuits to your business. It is Massachusetts Law to get Worker’s Comp insurance. Only under certain circumstantial cases are you able to be exempt from Worker’s Compensation?

Do I need to provide Worker’s Comp Insurance?

Depending on the nature of your business you may not need to require worker’s comp to your employees.

It is Regulatory Required for you to be covered as a business owner of your employment

  1. Trade involves interstate foreign commerce and works on a ship with mariners
  2. Professional Athletes under such contracts in which an employer has discussed term and payments for athletic-related injuries
  3. Real Estate salesmen or women who have agreed to terms in which the employer is only liable for compensations from commissions in distinction to Home sales and or rental property
  4. This also goes for salesmen and women of consumer products under contract in which they are only compensated for sales related to commissions. Salesmen have also agreed to terms where they are not considered employees for federal tax functions as they are in no compatibility to hours worked. It does not apply to retail establishments.
  5. Taxi Cab Driver who has leased a car from the taxi cab company, and has agreed to contract in which said the company is only responsible for said rental fees and other payments; but not in any way liable for taxi fare in a way that makes driver qualified as an employee for federal taxes functions.
  6. A person employed by a business or trade involved in interstate or foreign commerce but only as far as the laws of the U.S is able to provide for compensation for their injury or death.
  7. A person whose employment does not particularly match up with his employer’s line of business. This is in exception to a person who is definitely considered an employee of said business under Chapter 26 under Massachusetts commonwealth Law.

If you would like to learn more about Massachusetts Worker’s Comp Laws visit Mass.Gov for more specifications.

If your line of business or trade does not fall into any of these categories, we strongly recommend for you to look into a policy that works for you. At Walsh Insurance Company, we are here to help. In Massachusetts having insurance is for your own benefit at having no-fault insurance in which it protects you from liability for employee’s injuries at their place of employment.

Contact Walsh Insurance at 978-745-3300 or visit us online at WalshInsurance.Com and fill out a contact form for a representative to help you with your needs.

 

 

Have you been affected by the MASS Car Insurance Increase ? Look to Walsh Insurance for help

Recent news has been circulating that Massachusetts car insurance has increased in the last month. It is summer in Massachusetts, and people are enjoying time outside, travelling south to the coast to enjoy the beach weather. As a result, we have more traffic on the road as well as more drivers. With the summertime, unfortunately, comes drivers who are irresponsible and those who are susceptible to accidents. With more people on the road, and in a congested area means the possibility for a collision to occur among drivers.

Due to this reason, some insurances have increased their monthly premiums causing distress to many mass residents. It doesn’t stop there, that’s not the only reason car insurance has increased. The arrival of modern cars on the road has been causing companies to bring up the costs to state residents.Modern cars bring along modern technology cameras and expensive parts that can be expensive to replace. Therefore, some auto insurance companies have seen it liable to charge its customers a higher price because of these conditions. If you are a person who has been affected by this price spike and would like to seek an insurance company with a more reasonable and affordable monthly premium look to Walsh insurance company to learn more

Look to Walsh Insurance for affordable rates on car Insurance. A specialist will help you with your requirements and make sure your needs are taken care of

Call us at 978-745-3300 or visit us online at http://www.walshinsurance.com/home.html