Steps To Starting A Small Business
All businesses should have a work injury insurance program which provides benefits to injured workers and protects employers from most law suits by injured workers or their dependents.
Each state/province has their own system. They are usually funded completely by employers. The amount an employer pays varies according to his/her operation; basically, the higher the risk of injury the higher the cost of coverage.
Most companies are obliged by law to register and pay assessments. If you hire one or more workers, whether full time, part time or casual, you must register. There are some exceptions, such as artists, clergy and sport professionals. If you are unsure of the status of your operation call your local authority and they'll let you know if you are required to have coverage.
If you fail to notify the authorities when you start your business you may be liable for assessment and penalty charges and you may be liable for the cost of any injuries suffered by your workers.
Optional coverage is available for owners and partners of non-incorporated businesses. If you would like to know more about optional personal coverage or coverage in general contact your local authority.