I run a small car transport company and I have recently hired a new employee bringing my total up to 3. I realize that I now need workman's comp insurance. If I do not have insurance and an accident occurs, can my personal assets be seized or just the company's assets?
1 Answer from Attorneys
The short answer is yes, eventually. How hard it is just depends on how your company is set up. Ultimately it's better to have insuance. I know it's expensive, but the penalties if you don't have it are severe.