Compensation for accidents incidental to or as a consequence of employment
Workmen’s Compensation Insurance provides compensation for accidents incidental to or as a consequence of employment. This is a compulsory insurance that is obtained from the Puerto Rico State Insurance Fund Corporation.
All employees of a business, including executive officers, are required to be covered by this insurance. Generally, it is paid in two instalments upon notice mailed to the employer by the State Insurance Fund.
Businesses are required to file, no later than July 20 of every year, indicating the number of employees, occupation, and the wages paid during the preceding July 1 to June 30.