Legal

Because state laws regulate workers’ comp, you’ll need to research the laws in your state to find the requirements for your business or consult with a licensed Insureon agent.

A tortfeasor is someone who commits a wrongful act, causing another party to suffer a personal or financial loss.

A tort is a wrongful act that harms a third party, either an individual or a business.

A claimant is someone who files a request to receive payment under the terms of an insurance policy.

A claim is an official request for payment from an insurance company.

Arbitration is an alternative to going to court over a business dispute. Instead, a neutral third party is recruited to settle the dispute.

Because state laws regulate workers’ comp, you’ll need to research the laws in your state to find the requirements for your business or consult with a licensed Insureon agent.

Business owners who don’t purchase workers’ comp insurance when it’s required could face penalties ranging from fines to jail time.