Arkansas has taken steps to make the state a desirable location for businesses and startups, creating what the state calls a “single point of contact” system and removing confusing bureaucratic processes. Despite the presence of corporate giants, 99.3% of businesses in the state are categorized as small. Arkansas’ small businesses employ more than 400,000 people, accounting for 47.2% of the state’s private workforce (SBA).
With few exceptions, if you have three or more employees working in Arkansas, your small business is required to carry workers’ compensation insurance. Workers’ comp covers work-related injuries and illnesses regardless of fault. Employers that do not comply with the state’s workers’ comp laws may face penalties and lose protections afforded them by workers’ compensation insurance.
Pie Insurance is excited to provide workers’ comp insurance in Arkansas.