Idaho Workers’ Compensation Requirements

Complying with Idaho workers’ compensation requirements doesn’t have to mean overspending. You’ll find plenty of ways that small businesses can reduce their costs. 

One of the most important things is to ensure that your employees are correctly classified.

Another important tip is to ensure that your business has an employee safety training program and a safety team responsible for implementing/conducting it. Ensure all employees follow OSHA safety standards at all times, as well. You can also save by implementing a drug and alcohol-free workplace policy and creating a return-to-work program to aid injured workers in returning faster.

How do I purchase workers’ compensation insurance in Idaho?

Complying with Idaho workers’ compensation requirements means understanding your options for purchasing coverage. You have three primary choices:

1. Buy from an insurance agent. At Kickstand Insurance, we can give you an online quote in seconds.
2. Buy through the state fund or assigned risk pool. High-risk employers may find that insurance companies cannot insure them. The state fund and assigned risk pool are designed for these situations.
3. Self-insure. If you are a large insurance company and meet the state’s financial requirements, you can self-insure.

What happens if I fail to meet Idaho workers’ compensation requirements?

Idaho isn’t as strict as other states when it comes to enforcing workers’ compensation requirements. However, it does mandate certain ramifications if you fail to uphold your responsibility. 

First, you could be liable for all costs of the employee’s medical care and lost wages. You could also face an additional 10% penalty plus the employee’s attorney fees. 

The state may also choose to fine you up to $25 or $2 per employee per day (whichever is the higher) until you comply. You may also face criminal charges.