Insurance When You Hire Your First Employee

Life Events · InsureToday24 (BNW Services LLC), a licensed independent agency across MO, KS, NE, TN, OK, AR & CO.

# Insurance When You Hire Your First Employee

Hiring your first employee is a milestone — and a legal turning point. The moment you have staff, most states require you to carry workers' compensation insurance, and you take on new responsibilities as an employer. Getting this in place before day one keeps you compliant and protects both you and the people who work for you. Here's what changes and how to cover it.

What Changes at This Moment

An employee who is hurt on the job needs medical care and lost wages, and you as the employer are on the hook. Workers' compensation is the coverage that pays those costs and, in exchange, generally protects you from being sued directly for the injury. Most states mandate it once you have employees — thresholds and rules vary by state, so confirm your specific requirement. You may also face new exposure to employment-related claims.

Which Coverages to Review or Add

Common Gaps New Employers Miss

How an Independent Agency Helps

Workers' comp pricing and rules vary widely by state, job class, and carrier. Because BNW Services (dba InsureToday24) is independent, we shop your class codes and payroll across multiple markets to find a fair rate, and we make sure your comp, liability, and auto coverage all line up before your new hire clocks in. Read Why Use an Independent Insurance Agent.

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Bringing on your first hire? Call or text (573) 594-5148 — Lucy can start your quote 24/7 — or begin at insuretoday24.com.

References

1. Insurance Information Institute — Workers compensation insurance — https://www.iii.org/article/what-workers-compensation-insurance

2. National Association of Insurance Commissioners — Consumer resources — https://content.naic.org/consumer.htm

3. Investopedia — Workers' Compensation — https://www.investopedia.com/terms/w/workers-compensation.asp

4. USA.gov — Hiring and managing employees — https://www.usa.gov/hire-manage-employees

5. Consumer Financial Protection Bureau — https://www.consumerfinance.gov

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