The Knowledge Base

helpful tidbits from the experts

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Solo Entrepreneurs

Workers’ Compensation Insurance for Sole Proprietors

As a sole proprietor, you are generally excluded from a workers' comp policy. However, you may decide to include yourself in the policy either to win a contract or to be covered in the event of a workplace injury. It is important to note that any employees you hire will require workers' comp insurance.

How Much Does a Ghost Policy Cost?

Typically, a ghost policy cost is around $1,000, although prices may vary depending on the insurance carrier and coverage options. Some carriers that offer ghost policies also provide pay plans, while others may not.

Do I Need Workers' Compensation Insurance for 1099 Employees?

There are two primary types of workers in the world – official employees and independent contractors.

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