Business Insurance
Coverage for what happens when an employee gets hurt on the job.
Workers' compensation covers medical costs and lost wages for an employee injured on the job, and Missouri generally requires it once a business reaches a certain size.
No obligation. Starting a review does not change or bind any coverage.
What's going on
If you have employees, or you're about to hire your first one, workers' compensation is worth understanding before it comes up rather than after an injury happens. If you're not sure whether Missouri requires it for your business size, or you've had it in place for years and never revisited it, this is where to start.
Why it matters
Missouri generally requires workers' compensation coverage for employers with five or more employees, and for construction-industry employers, generally starting at one employee. Whether that applies to your business depends on your specific structure and industry, so it's worth confirming your own situation directly. Beyond the legal requirement, this coverage addresses medical costs and lost wages for an injured employee, and it typically limits an employer's direct liability for that injury in exchange.
Things worth considering
Points we would talk through with you. Which of them apply depends on your situation, and what you do about them is your decision.
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Does Missouri's employee threshold apply to your business?
The general threshold is five or more employees, with a lower threshold for construction-industry employers. Confirm how the rule applies to your specific business structure, including how owners and family members are counted.
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How is your business classified for premium purposes?
Workers' compensation premiums are tied to job classification codes that reflect the type of work performed. It's worth confirming your employees are classified accurately.
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Does your payroll estimate reflect what you're actually paying?
Premiums are typically based on payroll, and are often reconciled after the fact through an audit. A payroll estimate that's off can mean a surprise adjustment later.
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What happens if a subcontractor's employee is injured on your job?
Whether a subcontractor's own coverage or yours would respond to their employee's injury is worth confirming before the job starts, not after.
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Do you have a return-to-work process?
How an injured employee is supported in returning to work can affect both the employee's outcome and the cost of a claim over time.
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Are owners or officers included or excluded from coverage?
Missouri allows certain owners and officers to be excluded from coverage in some circumstances. It's worth understanding how that applies to your business before assuming you're either covered or exempt.
Information on this website is general in nature and is not a complete description of any insurance policy or every coverage option that may be available. Coverage availability, terms, conditions, limits and exclusions vary by insurer, policy and individual circumstances. The issued insurance policy and applicable endorsements control coverage. Beacon Point Insurance Group may provide information regarding available insurance options and discuss coverage considerations based on information you provide, but customers are responsible for selecting the carrier, coverages, limits and deductibles they wish to purchase. No insurance coverage is bound, changed, or canceled through this website unless confirmed by Beacon Point Insurance Group or the applicable insurer.
How this tends to come up
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A first hire for a growing business
A small retail business in the Kansas City metro hired its first part-time employee and needed to understand whether workers' compensation applied at that staffing level.
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A job site injury involving a subcontractor
A general contractor in Independence had a subcontractor's employee injured on a job site and needed to sort out which policy addressed the claim.
We Learn. We Compare. We Explain. You Decide.
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We Learn
We ask questions about your situation and the insurance you currently carry.
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We Compare
Based on the information you provide, we can obtain and compare available options from the insurance companies we represent.
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We Explain
We help you understand important differences in coverage, limits, deductibles, policy terms, and price.
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You Decide
You select the company, coverages, limits, deductibles, and options you want to purchase.
What working with us is like
The part people tend to mention is that someone explained it and then let them decide.
More business coverage
Let's find the options that work for you.
No obligation. Starting a review does not change or bind any coverage.