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Wyoming is a monopolistic state and you must obtain workers compensation coverage thru Wyoming Workers Safety & Compensation Phone 307-777-7441 If your company has operation in other states and you need workers compensation insurance in any other state click below for a free quote. Providing Wyoming workers compensation information, employee leasing and other news, facts, and contact information to help your business. Find rules, statutes, forms, and professional help relating to Wyoming workers compensation insurance. |
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Wyoming WorkersCompensation Insurance Rules
1. Does my Wyoming business need workers compensation insurance? Wyoming is one of five monopolistic states that provide State Funded Workers Compensation Insurance Coverage. It is required that all employees working in any industry deemed extra hazardous must be covered by workers compensation insurance. *Mining Businesses that do not fall under extra hazardous classification, may obtain workers compensation insurance from a private carrier. 2. In Wyoming is there any exemptions from carrying workers compensation insurance? If your business does not fall into any of the above categories, you may elect not to carry workers compensation insurance. Therefore, classifying you as exempt from coverage. However, you are not relieved of your liability from possible financial responsibility and lawsuits from injuries sustained by your employees. 3. Does Wyoming workers compensation law have specific requirements for subcontractors/contractors and sole proprietors? Sole proprietors are not required to carry workers compensation insurance. Independent contractors acting as sole proprietors do not require workers compensation insurance coverage. However, if they have any employees, they will be subject to the same responsibilities as any other employer.
Employee Leasing and Staffing Companies Using a PEO or staffing company to obtain your workers compensation may be a good alternative to purchasing your own workers compensation policy. Leasing companies handle your payroll, w-2 forms, unemployment and workers compensation claims. In many cases the down payment required to obtain a new workers compensation policy is high and many new businesses cannot afford the down payment. Another advantage, based on my experience, is that you will never get audited because you pay as you go for your coverage. We represent numerous leasing and staffing companies who in many cases offer deep discounts on your workers compensation coverage that you will not find from standard workers compensation insurance carriers.
USL&H & The Jones Act We have excellent workers compensation programs for these specialty risks requiring this endorsement. If you are unsure and want to read either the USL&H or Jones Act I have provided helpful links below for you convenience. I have found them to be the most detailed and good resources on the laws. If you need a quote that requires this coverage Click here for the complete USL&H Act , courtesy of Cornell University. Read the complete text of the Jones Act here.
Wyoming Workers Compensation Links
Copyright © 2007 Insurance Source.com, Inc.. All rights reserved. Information for State Workers Compensation |
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