What are the legal requirements for workers' compensation insurance in the construction industry?

In Minnesota, all businesses that employ construction workers are legally required to have workers’ compensation insurance. Workers’ compensation insurance provides financial compensation to workers for medical costs and lost wages that may be caused by a job related injury or illness. To qualify for coverage, employers must register for a workers’ compensation insurance policy with a licensed insurer. Once registered, employers must then carry a minimum amount of coverage, which gets determined by the type and size of the business. The insurance must either be bought independently, or obtained through a state workers’ compensation fund. Employers must also post a sign or notice in a prominent place that informs employees of their rights under workers’ compensation laws. This notice must be accompanied by a brochure describing the rights of injured workers. Minnesota workers’ compensation laws also require employers to report workplace accidents and injuries to the state Department of Labor and Industry, within a certain number of days of the incident. In addition, employers must provide information about the workers’ compensation insurance to their employees, and must display a sign or notice in a prominent place that states the insurer and policy number. Finally, employers must pay the workers’ compensation insurance premiums in a timely fashion, and may be liable to the state if they fail to do so. Failure to pay premiums can lead to penalties, fines, or other disciplinary actions. It is therefore important for employers to stay informed and up-to-date about Minnesota’s workers’ compensation laws.

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What are the legal requirements for workers' compensation insurance in the construction industry?

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