Why Contractors Need Workers Comp Insurance
Protect Your People
As a contractor, your crew is your greatest asset. From electricians and plumbers to roofers and general laborers, your team faces daily hazards that can lead to serious injuries. Workers compensation insurance ensures that if someone gets hurt on the job, their medical bills and lost wages are covered. It’s not just good business — it’s the right thing to do.
Stay Compliant with the Law
Most states legally require contractors to carry workers comp insurance. Operating without it can lead to severe penalties, lawsuits, or even business shutdowns. Avoid legal headaches and stay in good standing by making sure your insurance coverage is solid.
Cover Medical Costs
Construction and contracting work is physical. Accidents happen — from ladder falls to equipment injuries. Workers comp ensures your business doesn’t have to pay out-of-pocket for emergency care, surgeries, or rehabilitation expenses that could otherwise devastate your finances.
What Is Workers Comp Insurance?
Workers compensation insurance is a type of coverage that pays for medical expenses, disability benefits, and lost wages when an employee gets injured on the job. For contractors, this type of insurance is vital — not only to support injured employees but also to shield your business from potential lawsuits.
Whether you run a small remodeling crew or manage a large team of subcontractors, having a policy through Mike Lively Agency LLC means you can operate with confidence, knowing you're covered from costly claims.
Why It Matters for Contractors
In contracting, you’re surrounded by risk — nail guns, scaffolding, power saws, heavy lifting. With so much happening on job sites, accidents are almost inevitable. Workers comp insurance for contractors isn’t just a box to check; it’s a critical safety net for everyone involved.
If a worker is injured and you don't have coverage, your business may be liable for hospital bills, lost income, and possibly legal settlements. That’s a burden that can shut a small business down overnight.
Peace of Mind for You and Your Team
Your workers show up every day and give their all. When they know you have their back in the event of an injury, morale and loyalty go up. Contractor workers comp insurance isn’t just about compliance — it’s about building trust and demonstrating that safety is your priority.
Costs vs. Consequences
One of the biggest hesitations we hear from contractors is, “It’s just one more cost.” But let’s look at the numbers. What’s the cost of not having workers comp when a $50,000 back injury claim lands on your desk? Or when OSHA finds out you’re not in compliance?
| Scenario | With Workers Comp | Without Workers Comp |
|---|---|---|
| Employee Injury on Site | $0 out-of-pocket for you | $30,000+ in medical/legal costs |
| Compliance Audit | Fully Covered | Fines & Penalties |
| Employee Retention | Higher morale & loyalty | High turnover |
Who Needs It?
If you employ even one person — whether full-time, part-time, or subcontractor — you likely need workers comp insurance for your contracting business. It applies to general contractors, electricians, HVAC specialists, framers, drywall installers, painters, and more.
Even if your team is small, the risk is real. One accident can change everything. Having a workers comp policy through Mike Lively Agency LLC protects your people and your future.
What Does It Cover?
Workers compensation for contractors typically covers:
- Medical bills related to worksite injuries
- Lost wages during recovery time
- Rehabilitation and physical therapy
- Disability benefits
- Death benefits for families (in tragic cases)
It’s comprehensive, affordable, and available to you through Mike Lively Agency LLC with flexible options that match your business size and risk level.
Let’s Talk — Before You Need It
Too often, contractors wait until it's too late to get protected. Don't make that mistake. Let’s have a quick conversation about your current crew, upcoming projects, and how we can build a policy that protects you where it matters most.
At Mike Lively Agency LLC, we understand the risks and pressures contractors face every day. We're here to make workers comp insurance simple, affordable, and tailored just for you.
Have questions? Call us today at 432-300-6219 and speak to one of our contractor insurance specialists!