Missouri Workers Comp Insurance

With limited exceptions, every employer in Missouri 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 Missouri 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.

MO Workers Comp Insurance Specific Regulations

• Having five or more employees working in Missouri requires a company to have coverage
• 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
• Companies that have one or more employees in construction must have coverage
• Missouri offers a private market for insurance and an assigned risk pool to help business struggling to secure coverage
• Sole proprietors and partners in Missouri are excluded from coverage, but have the option to opt in
• Corporate officers are covered unless the only employees are the two owners of corporation
• Members of LLCs in Missouri are included in coverage unless the business gets exemption through an endorsement in the policy