All Businesses Should Carry Work Comp
Every single business that has employees should carry workers compensation coverage. The main reason is to protect the business from bankruptcy!
Why is that? Well that injured employee is going to be taken care of, whether from the company's Workers Compensation policy or from the Company's own funds. If the injury would be paid for by an appropriate policy, but no policy exists, it now becomes the financial responsibility of the employer.
A bill like that may be devastating for the company! Anything from stiches to death could now be paid for by the business instead of the insurance company.
Going without Workers compensation is just not worth it!