Workers Compensation Idaho
While it might best be known for its world-famous potatoes, Idaho is nicknamed the Gem State because of the many types of gemstones that have been found there. From the capital city of Boise through the sparkling peaks of the Sawtooth Range and onto the panhandle to the Canadian border, Idaho covers a lot of territory.
With its canyons, rivers, waterfalls, mountains, and huge wilderness areas, Idaho is paradise for outdoor enthusiasts. The state’s ski resorts like Sun Valley, Bogus Basin, Brundage Mountain, and Silver Mountain are world-class attractions.
Idaho is also a hardworking state which produces one-third of the potatoes grown in the U.S. along with a large share of lumber, food products, brewing malt, and silver. But Idaho’s largest industry is the science and technology sector, which accounts for over 25% of the state’s total revenues.
With more than 148,000 small businesses, entrepreneurs form the foundation for Idaho’s economy. Small businesses make up 96.8% of Idaho’s employers and provide work to nearly 58% of its private-sector workforce. The majority of Idaho’s small businesses employ less than 20 people.1 Most businesses operate in the construction industry followed by retail trade and professional, scientific, and technical services.
Whether an Idaho business specializes in manufacturing microchips, processing spuds, or renting skis, it is required to maintain workers’ compensation insurance for every employee. The policy must be in place at the time the first employee is hired. However, some employment is exempt from workers’ compensation coverage, including household domestic service and employment of family members living in the employer’s household.2
Workers’ compensation is no-fault insurance. It provides compensation for missed work, permanent injuries, and rehabilitation in the event an employee is injured on the job. Employers are protected from paying costly medical bills and defending against lawsuits no matter who is at fault in an accident. The leading small businesses purchasing workers’ compensation insurance in Idaho include auto repair and service shops, restaurants, hotels, colleges, grocery stores, and real estate agencies.
Interested in learning more about how EMPLOYERS can help your Idaho business? Request a quote for workers’ compensation insurance from EMPLOYERS!
1 "Small Business Profile, Idaho,“ SBA Office of Advocacy, February, 2013. www.sba.gov/sites/default/files/id12.pdf.
2 “Industrial Commission Employers FAQs,” State of Idaho Industrial Commission, August 26, 2014. https://iic.idaho.gov/employer-compliance-division/employer-information/employers-faqs/
In Idaho, insurance is offered through Employers Compensation Insurance Company, Employers Assurance Company and Employers Preferred Insurance Company. Not all insurers do business in all jurisdictions.