Why employers need workers' compensation insurance: program benefits both businesses and employees.

Alaska Business Monthly | August 1, 2006| | Copyright

Workers' compensation premiums represent one expense employers should not forego. Except for a few employment scenarios, the law requires employers to carry workers' compensation coverage, either through a carrier or if the company qualifies, through self-insurance.

Despite this fact, Randy Weddle, an attorney for Holmes, Weddle & Barcott, PC in Anchorage, said that he's surprised to learn that a lot of employers don't have workers' compensation insurance. "You could get in a lot of trouble not having it," he said. "There are terrible penalties." These can include ...

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