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September 17, 2015

Entrepreneur.com: The Risky Results of Saying ‘No’ to Workers Comp

Workers comp premiums rise fast at growing organizations — the more employees they have, the higher their premiums jump. And at a quickly scaling organization, the result can be a pretty big unexpected expense at the end of the year.

In the face of such rising employee-benefits costs, some employers are choosing to limit benefits, or forego purchasing workers’ comp insurance altogether.

But, the latter decision comes with a new set of risks, which can be even more costly than providing workers compensation in the first place. Here are the results that business owners should carefully weigh.

Read the rest of the article on Entrepreneur.com.

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