If you’re a contractor in construction, plumbing, electrical work, or another trade, you’ve probably asked yourself, “Do I need workers’ compensation insurance?” The answer is yes, and here’s why. Workers’ comp for contractors is not only a smart safety net, it is often a legal requirement.
At MBA Insurance Services, we help contractors across Ellsworth, WI, Lutsen, MN, and Lake City, MN understand their obligations and protect their businesses with the right insurance coverage. This guide explains what workers’ comp for contractors is, who needs it, and how we can help you stay safe and compliant.
What is Workers’ Comp for Contractors?
Workers comp for contractors is a type of insurance that provides financial and medical benefits to employees who get injured or sick while working. If one of your workers is injured on a job site, this insurance helps cover their medical bills, lost wages, and even rehab or recovery costs.
Even if you’re a solo contractor or manage a small crew, you still need to understand your responsibilities. Without the right insurance, you could be personally responsible for costs related to an injury on the job.
Do Contractors Really Need Workers’ Comp?
Absolutely. In most states, including Wisconsin and Minnesota, workers’ comp for contractors is required by law if you have employees. Even if you’re an independent contractor, you might still need coverage.
This is because general contractors often require subcontractors to carry their own policy. It protects both sides from liability in case someone is injured.
Having a workers’ compensation policy also shows that you take your business seriously and care about your workers’ safety.
What Does Workers’ Comp Cover?
A typical workers’s comp for contractors policy includes coverage for:
- Medical care related to workplace injuries
- Lost income if a worker cannot return to work right away
- Rehabilitation costs, such as physical therapy
- Disability benefits if the injury is long-term
- Death benefits paid to the family in case of a fatal accident
This type of coverage is not just a legal box to check. It provides financial protection for your employees and for your business.
Common Job Site Risks for Contractors
Job sites are full of potential hazards. Accidents happen even when safety rules are followed. Here are some common risks:
- Falling from ladders or scaffolding
- Getting cut or hit by tools or materials
- Electrical injuries
- Repetitive motion injuries like carpal tunnel
- Hearing damage or exposure to chemicals
Workers’ comp for contractors gives you a safety net for these situations so that you and your workers are not left unprotected.
What About Solo Contractors or Freelancers?
Many solo contractors think they do not need insurance. But the truth is that you might still need workers’ comp for contractors, even if you do not have employees.
You may need it if:
- You are working under a general contractor who requires it
- You are bidding on projects that call for proof of coverage
- You want to protect yourself in case you get injured
Even if the law does not require it, you might still want to get coverage for peace of mind. Medical bills and time off work can quickly hurt your finances if you are not covered.
How We Help Contractors
Our team at MBA Insurance Services is here to help you figure out what kind of policy fits your business. We are based in your community and understand the unique needs of contractors in Ellsworth, WI, Lutsen, MN, and Lake City, MN.
We offer:
- One-on-one advice tailored to your trade
- Help understanding state laws and requirements
- A range of affordable insurance plans
- Fast, friendly service from a local team
We are here to make things simple so you can focus on doing your job.
How Much Does Workers’ Comp for Contractors Cost?
The price of workers’ comp for contractors depends on:
- What kind of work do you do
- How many employees do you have
- Your total payroll
- Your past claim history
Higher-risk jobs like roofing usually cost more than lower-risk ones. But no matter what your trade is, we work hard to get you quality coverage at a fair price.
We take the time to explain your options and answer every question. You will never feel rushed or confused.
What Happens if You Do Not Have Coverage?
If you skip workers’ comp for contractors, you are taking a big risk. If someone gets injured on the job and you do not have insurance, you could be stuck paying all their medical bills and wages out of your own pocket.
You could also face state fines or even lose the right to work on some jobs. That is why having the right policy is not just smart, it is essential.
Stay Compliant and Covered
Laws about workers comp for contractors can change. It is hard to keep up when you are busy running your business. That is where we come in.
Our team stays on top of legal updates so you do not have to. We keep you compliant and covered with the latest info and the best options for your situation.
Whether you are just starting out or need to review an old policy, we are ready to help.
Get the Right Help Today
Workers’ comp for contractors is more than just a legal requirement. It is a way to protect your team, your business, and your future.
Our team at MBA Insurance Services knows what local contractors need. We will help you choose the right coverage, avoid costly mistakes, and feel confident in your plan.
We are proud to serve contractors in Ellsworth, WI, Lutsen, MN, and Lake City, MN. Let us help you protect your business so you can keep building.
Contact Us Today
Need help figuring out the right workers’ comp for contractors coverage? We are here to support you every step of the way.
Contact our team today to speak with a local expert. We will help you find the right coverage at the right price.
Call MBA Insurance Services at 651-388-7128 and let us help you protect what matters most.
