New Hampshire – with its bold state motto, “Live Free or Die,” is considered one of the most favorable states in the U.S. for doing business. This is in-part because the state does not levy state sales or income taxes.1 From manufacturing and technology, to tourism, to health care – the state of New Hampshire boasts a robust economy with exciting growth potential for business owners.2
Understanding New Hampshire Workers’ Compensation for Business Owners
In New Hampshire, most business owners who have employees (full or part-time) must carry workers’ compensation insurance. This law also applies to employees who are related to the business owner (e.g. daughters, sons, spouse, etc). The law also dictates that non-profit organizations with employees must carry workers’ compensation insurance.3
If one of your employees sustains a work-related injury or illness, a workers’ compensation insurance policy can help protect your business and your employee. Among other benefits, workers’ compensation benefits may include medical care and wage replacement for the injured or ill employee. Your workers’ compensation insurance provider should also provide you valued added services such as loss control support to help you keep your employees safe, and a return to work program to help minimize downtime following a work-related injury or illness.
Getting Coverage with EMPLOYERS
Experience is paramount when it comes to workers’ compensation insurance. An insurance carrier’s focus should be on workers’ compensation and assisting you in understanding the coverage your New Hampshire business needs.
At EMPLOYERS we have over 100 years of experience and an exceptional history of serving the workers’ compensation needs of America’s small businesses. Request a quote today and learn how EMPLOYERS provides cost-effective workers’ compensation insurance and services to New Hampshire businesses like yours.
1 Portsmouth Economy
2 Your Guide to New Hampshire’s Economy.
3 For more information regarding coverage and exceptions, see New Hampshire Department of Labor