The Arkansas Workers’ Compensation Commission states that workers’ compensation insurance is required for all businesses with three or more employees. This includes full-time and part-time employees and subcontractors.
Employers have other obligations for their workers’ comp coverage, including:
Workers’ compensation insurance provides coverage if an employee is injured or becomes ill from their work. Some of the expenses commonly covered by this type of insurance include:
Workers’ comp coverage is the responsibility of the employer and begins from an employee’s first minute on the job. Employees never pay for this insurance or have it taken out of their pay.
If you’re an Arkansas business owner who does not carry a workers’ comp owners policy, you may have to pay for medical expenses yourself if you’re injured on the job.
If an employee becomes temporarily or permanently disabled as the result of a work-related accident, they may be eligible for lost wages benefits through workers’ comp. Arkansas law also dictates that funeral costs and survivor benefits are provided in the event of an employee death on the job.
These benefits are managed by the Special Funds Division of workers’ compensation and are determined by an Arkansas workers’ compensation settlement calculator.
If a business owner fails to comply with their workers’ comp insurance responsibilities or obtain required coverage, it may result in penalties from the state. Your business could also potentially face civil lawsuits from injured employees.
Workers’ compensation costs vary across industries. Factors that influence price include:
Get a free instant quote in about 10 minutes from NEXT to see your workers’ comp insurance costs.
Businesses with fewer than three employees, with some exceptions, are not required to have workers’ compensation insurance.
Arkansas workers’ compensation laws also do not apply to the employment of the following workers:
Residential contractors can also be exempt from some requirements for workers’ comp. Arkansas permits these types of contractors to exclude themselves from coverage in their insurance contract if they are a:
Learn more about Arkansas general contractor license and insurance requirements.
To receive a certificate of non-coverage, you must apply to the Arkansas Workers’ Compensation Commission. If approved, you’re only exempted from obtaining coverage for yourself. Employers must still provide workers’ comp insurance for employees.
Even if your business is exempt from the requirement for workers’ comp in Arkansas, you still may want coverage to help protect your business financially after a workplace accident.
NEXT strives to resolve every claim quickly. Learn more about our claims process and how our claims advocates will work with you after an employee injury.
General liability insurance protects your business from common mistakes or accidents, such as customer injury or damages to someone’s property.
If you or your employees drive vehicles for work, you probably need commercial auto insurance. This provides coverage for accident-related expenses in a business-owned vehicle or a personal vehicle being used for work purposes.
Commercial property insurance can provide financial help if your business structures, goods, gear or inventory are damaged or destroyed by a covered event.
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