Famous for its “Live Free or Die” motto, New Hampshire is home to more than 133,000 small businesses. From numerous manufacturing, tech, and healthcare companies to restaurants selling some of the best pancakes, steak bombs, and American Chop Suey in the country, the Granite State fosters the growth and development of its small businesses.
New Hampshire’s small businesses employ more than 291,000 people, accounting for 50% of the state’s private workforce. And when it comes to protecting their employees, the state legally requires small businesses to purchase workers’ compensation coverage.
Employers that have more than one employee, including full-time, part-time, and family members, are required to carry workers’ compensation insurance. Non-profit organizations in New Hampshire are also required to have workers’ compensation coverage.