Workers Compensation.

Workers’ compensation?

• An employer in a state with an exclusive workers’ compensation fund elects not to come under the state law. The law prohibits purchase of private workers’ compensation insurance and the employer does not wish to assume the risk. What alternatives to insuring in the state fund are available if any?

• Answer:

  Are you talking, like Ohio?? An employer can't "elect to not come under state law". That's like saying, "ok, I elect to not come under the murder laws". If the employer does not wish to assume the risk of workers comp in that state, the way to AVOID that risk is to not hire any employees in that state, and not have any operations in that state. There are no alternatives. I've insured very large accounts with exposures in monopolistic states like WA and OH. They self insure for the states that allow it, but HAVE to buy the coverage from the state in those states. Period. If you don't, you're in violation of the law. If you have an employee get injured while you're uninsured, then the employer is fully on the hook for all WC benefits - all medical and lost wages - even if there is no insurance policy to pay it. It's a silly thing, to think you can "opt out of laws". Tell THAT to the judge, he'll laugh you right out of the courtroom.