What is the utility and benefit of making employer's liability insurance compulsory?
what are the benefits of making employer's liabilty insurance compulsory? I am gathering ideas for a discussion
What happen when you have to pay more for something, approaching milk?
When prices go up, your options turn down.
If an employer must pay more for hiring a person, after that employer may certainly refuse to hire another being.
No business owner will be able to remain in the business of helping customers if the cost of helping nation is too high.
The utility of raising prices on businesses? Great for putting more those on the welfare rolls. Then the political leaders can obtain th benefit of being re-elected.
Another through benefit to corrupt political leaders is this:
By mandating something that people could otherwise freely choose, capitalism can be curtailed a moment or two. Socialism can be advanced a little.
With the advent of such a totalitarian law, sovereignty will be decreased. Democrats will cheer.
Answers: OK, I can't really see any utility and benefit to it.
No state make it mandatory now - although most states (but not all) have it package with Workers Compensation, which IS mandatory in adjectives states except TX.
But as long as Workers Comp is mandatory, there isn't as much EL exposure - it should be treated as part of the entire risk paperwork program for a business, like any other hazard exposure.