If you hired our painter and paid him 30,000 and he did not have insurance, you would owe 15% of that being 4500 dollars and the money is due within 30 days or your policy cancels.
If you let this happen, you will be in a database of unpaid audits by your name and birthday and it will not be possible for you to obtain workers compensation from any company, for all insurance companies subscribe to this database.
This is the long and short of the if-any or ghost policy. Contractors Liability knows that this can be a difficult concept to get your head around. It is also difficult to work out what you should be paying for a workers compensation ghost policy. We are here to help.