North Carolina Workers Comp Insurance

With limited exceptions, every employer in North Carolina 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 NC 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.

NC Workers Comp Insurance Specific Regulations

• You are required to carry workers’ compensation in North Carolina if you have three or more employees working in North Carolina.
• 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
• North Carolina offers a private insurance market while offering an assigned risk pool which will help you find coverage
• If you are a sole proprietor, a partner, or a member of an LLC you are excluded from coverage, but have the option to opt in
• If you are a corporate officer you are North Carolina includes you, but you have the option to opt out.
• In North Caroline if one or more employee is exposed to radiation, a company must have worker’s compensation