As mentioned earlier, workers comp exemption can save your business money in the short term. However, it comes with significant risks. Without workers' comp insurance, your business is responsible for covering the costs of workplace injuries or illnesses. This can include medical bills, lost wages, and even legal costs if the injured employee decides to sue your business. Workers Compensation Insurance Louisiana in addition, not having workers' comp insurance can have a negative impact on your business reputation. It could give the impression that your business doesn't care about the welfare of its employees, which could make it difficult to attract and retain top talent.
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