Workers’ Compensation coverage is one of the fundamental requirements you should fulfill when owning a business. Most states have some form of rules or guidelines about the proper implementation of Workers’ Compensation, and Alaska is no different. Having this insurance policy is mandatory for most companies in the state.
If you are a small business owner in Alaska, you should know what this policy entails and how you can secure one. Our guide will go over Alaska Workers’ Compensation insurance and how to acquire it for your company. Keep reading to learn more or contact us today to get a free quote for Workers’ Compensation!
Does Your Company Need Workers’ Compensation Insurance?
As mentioned, not all companies are required to get Workers’ Compensation coverage in Alaska. In general, as long your business has one or more employees, you may want to obtain a plan. Here are some exemptions:
- Sole proprietors of businesses
- The partners of a partnership company
- Executive officers of nonprofits, municipal corporations, and religious groups
- Members of an LLC or for-profit organization with a minimum 10% of ownership interest
Get a Quote for Your Workers’ Compensation Insurance Plan
When you own a business in Alaska, you should make sure that your bases are covered, including your Workers’ Compensation insurance. PolicySweet can help you meet this requirement. We’ve helped many companies in food services, retail, personal care, and other industries receive coverage. If you want to get a quote, please contact us today.
Please Note: State-specific information is subject to change at any time. Always consult with your state’s official information and resources for the most accurate information.