Do any small firm owners out there carry workers comp for themselves?
When I hired my first employee years ago, the policy included me as well.
Eventually it occurred to me to ask whether I was required to carry it for myself and when I learned that it was optional, I dropped it.
I've never been able to get a clear answer as to why a firm owner would pay for coverage that is not required-does anyone have any insights or experience with this? My understanding is that Workers Comp coverage protects the employer from claims, but if I'm the employer, why would I need protection from myself?
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Scott Rappe AIA, LEED AP
Kuklinski + Rappe Architects
Chicago IL
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