Idaho Self-Insurer's Compensation Bond

State:
Idaho
Control #:
ID-SKU-890
Format:
PDF
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Description

Self-Insurer's Compensation Bond An Idaho Self-Insurer's Compensation Bond is a surety bond that is required by the Idaho Industrial Commission (IIC) from employers who have chosen to self-insure their workers' compensation liabilities. Self-insured employers must purchase this bond to guarantee their payment of workers' compensation benefits to their employees if the employer fails to pay. The bond is a guarantee to the IIC that the employer will comply with the workers' compensation laws of Idaho and will pay the employees in the event of a workers' compensation claim. There are two types of Idaho Self-Insurer's Compensation Bonds: a Blanket Bond and a Dedicated Bond. The Blanket Bond is a single bond amount that covers all the employer's employees, while the Dedicated Bond is a separate bond amount for each individual employee.

An Idaho Self-Insurer's Compensation Bond is a surety bond that is required by the Idaho Industrial Commission (IIC) from employers who have chosen to self-insure their workers' compensation liabilities. Self-insured employers must purchase this bond to guarantee their payment of workers' compensation benefits to their employees if the employer fails to pay. The bond is a guarantee to the IIC that the employer will comply with the workers' compensation laws of Idaho and will pay the employees in the event of a workers' compensation claim. There are two types of Idaho Self-Insurer's Compensation Bonds: a Blanket Bond and a Dedicated Bond. The Blanket Bond is a single bond amount that covers all the employer's employees, while the Dedicated Bond is a separate bond amount for each individual employee.

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Idaho Self-Insurer's Compensation Bond