A portion of an employee’s workers’ compensation can become taxable if they collect SSDI benefits and receive more than 80% of their average current earnings.
We break down the details of workers' comp for contractors and why it's needed even when not required. At the end of the day, you want your risk protection to be concrete, not putty.
To calculate workers’ compensation premiums, your insurance company won’t just consider the general risk of the work your employees are performing. It will also want to know about the risk level within your specific business.