Reinsurers may insure insurance companies but insurance companies “self-insure” or set aside reserves to cover any expected payouts under the policies. How it works: Sometimes insurance companies hold all the risk from…
Category: Workers Compensation
Workers Compensation Insurance in North Carolina
Getting workers compensation coverage for contractors in North Carolina may not be easy. Try the following companies Here is what I found. North Carolina Home Builders Association https://www.buildersmutual.com/ https://www.ncfbins.com/ North Carolina Farm…
State Farm
State Farm Auto Insurance Company OverviewYear Founded: 1922Official Website: https://www.statefarm.com/Insurance Offered: Auto, motorcycle, RV, motorhome, homeowners, renters, and moreCustomer Service: 24/7 phone: 1-800-782-8332Key PointsState Farm is licensed in all 50 states, but coverage…
I’ve never applied to any of my company’s insurance plans. Am I still covered if I get injured on the job?
In the US, all businesses and companies that hire employees are required to carry workers compensation insurance by state insurance laws. Failure to carry this coverage comes with heavy fines by the…