Workers compensation and employers liability is a form of no-fault insurance provided by the employer for the employee. The employee gives up certain rights to sue in exchange for protection from injuries incurred on the job.
Insurance rates are developed by taking all losses from similar employers and aggregating them. There are approximately 600 classifications of employers in North Carolina and the classification your company falls under will effect the rates your business is eligible for.
Rates can and do vary from one insurance company to another. Insurance companies would look at such issues as employee selection and training, first aid, medical evaluation, safety promotion, housekeeping and maintenance, material handling and protective clothing and equipment. Those businesses that employ three or more employees are required to carry workers compensation insurance except agricultural employment with fewer than 10 employees, certain sawmill and logging operations and all domestic employees are exempt.
The North Carolina Industrial Commission was created to administer the North Carolina Workers’ Compensation Act. The Industrial Commission can assist both employees and employers with questions or concerns that you have about workers’ compensation.
The main phone number for the N.C. Industrial Commission is 919-807-2501, or toll-free at 800-688-8349, Monday through Friday from 8:00 AM until 5:00 PM.