Do Condo Associations Need Workers’ Compensation?

It’s a situation that no association wants to be in. You hire a cable company to install new antennas when a worker slips and falls through the ceiling. The worker is taken to the hospital with a broken collarbone and cannot work for the next couple months. The association assumed the contractor had workers’ compensation insurance and did not verify before starting the project. The association also chose to opt out of coverage with their agent because they have fewer than four employees. Now, the association is stuck with the medical bills.

This creates a hole in the budget that pays for the upkeep of the condominium. Now, the association has to raise condo fees to make up the deficit, leaving a lot of unit owners disgruntled.

“IF ANY” Policy for Condo Associations

The “IF ANY” policy protects associations should contractors or vendors work on the property without workers’ compensation coverage. It’s fairly inexpensive and covers associations who do not have a traditional workers comp policy in place.

For example, a painter hurts himself and is found to have his workers’ compensation policy canceled due to non-payment. The “IF ANY” policy should cover you in this situation.

So, Do I Need Workers’ Compensation Insurance?

Absolutely, it does not matter if your association has 1 or 10 employees. Just because you are exempt from workers’ compensation under the law does not mean you are exempt from the consequences.

Give us a call at 617-924-5600 to talk about your options today!