How many years must a business operate to qualify as a self-insurer for worker's compensation?

To qualify as a self-insurer for worker's compensation, a business must operate for a minimum of three years. This requirement is in place to ensure that the business has a stable financial foundation and operational history, demonstrating its ability to meet any potential workers' compensation liabilities.

By requiring three years of operation, the regulatory authorities can assess the business's financial health, claims history, and overall risk profile. This helps ensure that only those businesses that are sufficiently established and responsible are allowed to self-insure, thus protecting employees and maintaining the integrity of the workers' compensation system.