If you thought that you had to be in your car to get involved in a car accident, a recent story out of New Jersey shows that you may want to think again.
Often, the reason that people put off estate planning is simply that they do not feel like they need to do it yet. There's no sense of urgency. They don't want to think about dying, they assume they have years or decades anyway, and so they don't make a will or set up an estate plan. They know they'll need to eventually, but they think of it as something they'll do another day.
Every business in New Jersey must have some kind of workers' compensation insurance. It does not matter whether a business is a sole proprietorship, partnership, LLC or corporation, workers can sustain injuries in any environment. The penalty for a business not having this insurance is $5,000 for the first 10 days and an additional $5,000 for every day after that the company fails to get coverage.