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Workers’ Compensation Insurance for Sole Proprietors

As a sole proprietor, you are generally excluded from a workers' comp policy. However, you may decide to include yourself in the policy either to win a contract or to be covered in the event of a workplace injury. It is important to note that any employees you hire will require workers' comp insurance.

How Much Does a Ghost Policy Cost?

Typically, a ghost policy cost is around $1,000, although prices may vary depending on the insurance carrier and coverage options. Some carriers that offer ghost policies also provide pay plans, while others may not.

Do I Need Workers' Comp for 1099 Employees

Legally, workers’ comp is not needed for 1099 employees. However, if the employee lacks coverage, you may be held liable in case of injury. Also, if a state or federal authority determines your 1099 workers are not in fact independent contractors, they must be reclassified as employees. That also means you’re required to provide them with workers’ compensation insurance.

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The Knowledge Base

helpful tidbits from the experts

In focus:

Solo Entrepreneurs

Workers’ Compensation Insurance for Sole Proprietors

How Much Does a Ghost Policy Cost?

Do I Need Workers' Comp for 1099 Employees

Buying insurance?

Already have a policy?

Ready for easy and accurate workers' comp?

The Ultimate Guide to Workers' Comp Insurance

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