Workers Compensation
What is worker’s compensation insurance?
Also known as workman’s comp, this coverage provides medical payment to employees and other workers that are injured or sick from work-related causes. It’s something every business should have if they direct any type of worker (full-time, part-time, sub, volunteer, intern, etc.). States have very specific rules around what employers are legally required to carry, so make sure you look into your state-specific workman’s comp laws.
How much does it cost?
At the core, this insurance is primarily rated on A) the types of workers B) the payroll or total annual payment to each worker C) and the experience or years of documented insurance for the business. The rate that is applied to an office worker vs a construction worker is dramatically different and will change the price. In addition, the years of experience and the claims history will affect the price of coverage. If your business has a lot of people doing different activities, then it’s best to work with a broker who can find the best plan.
Apply for Coverage Today
The process to quote your Workers Compensation policy (and other insurance policies) is simple. Reach out to us below, speak with a team member over the phone or via email, and we’ll begin working on quotes.