Idaho Workers Comp Insurance

With limited exceptions, every employer in Idaho with one or more employee(s) is required by law to have a valid workers' compensation policy at all times. This "no fault" insurance not only provides injured workers with medical care and partial wage replacement, but also protects the policyholders from potentially damaging lawsuits. Although most companies in ID purchase a traditional commercial insurance policy, there are alternative methods of coverage which include licensing as a self insurer, gaining membership in a self insurance group, or obtaining coverage in the Assigned Risk Pool.

ID Workers Comp Insurance Specific Regulations

• • Having any employees in Idaho requires a business to carry insurance
  • If you work for someone else you will not be covered by their insurance policy unless you are an employee. This requires independent contractors to have their own workman’s compensation insurance
  • Idaho offers a private insurance market and also a state fund and assigned risk pool for businesses struggling to secure coverage
  • In Idaho, you are excluded from coverage, but have the option to opt in
  • Corporate officers that owns at least 10% or members of LLCs are excluded from coverage, but have the option to opt in