Question By: In New Jersey, nearly all businesses that employ workers must carry worker’s compensation insurance, regardless of whether those workers are full-time, part-time, or seasonal. This requirement applies to corporations, partnerships, and sole proprietors with employees. Even family-owned businesses must comply if they employ non-owner workers. This type of insurance is crucial for protecting both the business and its employees. It not only covers medical treatment and lost wages for injured employees but also reduces the risk of costly legal claims against employers.
Penalties for failing to carry coverage can be severe, including fines and potential criminal charges. Conclusion: Capstone Insurance makes it easy to meet New Jersey’s requirements with customized Worker’s Compensation Insurance solutions. Trust their expertise to keep your business compliant, your employees protected, and your operations running smoothly. Visit https://capstonecoverage.com/ to know more.
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