Protect your business from employee injuries and illnesses
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Workers’ compensation insurance, commonly known as workers’ comp, provides financial support for employees who get hurt or sick on the job. It helps pay for their medical bills, lost wages, rehabilitation, and more. This insurance also protects employers from potential lawsuits related to workplace injuries. Businesses with employees are required to carry this coverage in most states.
Workers’ compensation insurance covers employees who become sick or injured at work. Benefits typically include:
Coverage details can vary based on your location and other factors. Speak to an insurance professional or review your policy to understand the exact business and employee protections you get when you purchase workers’ comp insurance.
Each state has its own set of workers’ compensation laws that employers must follow. These regulations ensure that employers cover work-related injuries or occupational diseases, no matter who is responsible.
An employee can only receive benefits if their injury or illness relates to their job duties or employment. For example, workers’ comp insurance could cover injuries caused by lifting heavy equipment, slipping on a wet or oily surface, or sustaining injury due to fires or explosions.
If an employee becomes injured outside the scope of their employment, such as playing football with friends on a day off, workers’ compensation insurance won’t cover them.
Workers’ compensation insurance is required by law in almost every state. Some worker exemptions exist, so you’ll want to check with your state to find out if coverage is mandatory for your business.
Choosing to forgo workers’ comp coverage puts you at high financial risk. Not only can you face a lawsuit for workplace injuries, but you’ll likely be fined for breaking the law. You can protect your business from these risks by getting workers’ compensation insurance.
Learn more about who needs workers' compensation insurance.
In addition to supporting employees, workers’ comp insurance protects your small business. For example, if your insurance is compliant with state law, an employee who receives benefits typically can’t sue you for their injuries or lost wages.
That said, there are some lawsuits that workers' comp can't prevent, including claims involving acts of vicarious liability. In these cases, your workers' compensation policy can help pay for court costs and legal fees.
In 2023, the national median cost of workers’ compensation insurance through Progressive was $67 per month. The average monthly price was $119.
A lower median cost suggests that most policyholders spent less than the average premium. Your rate will depend on specific qualities of your business, including your profession, state, payroll, and claims history.
The best way to discover your workers' comp cost is to get a workers' compensation insurance quote.
To purchase workers’ compensation insurance, follow these basic steps:
Each state has specific rules for workers’ compensation. Sometimes these regulations affect how you get your policy. For example, monopolistic states like Ohio, North Dakota, Washington, or Wyoming require business owners to buy workers' comp insurance directly through their state fund.
Explore business insurance by state to learn more about the laws where you live.
You’ll need to include details about your business when getting a workers’ comp quote. You can prepare by listing your location, payroll, claims history, number of employees, and the nature of your work.
Call us or quote workers’ compensation insurance online to get the protection your small business needs. After you provide your information, we’ll assess your needs and let you know how much coverage we recommend and how much you can expect to pay.
Workers’ compensation won’t cover injuries that occur outside of work, intentionally, and while commuting to and from work. Coverage also won’t include incidents related to intoxication or substance abuse.
It depends on your business location. For example, certain types of employees, such as seasonal workers, may not be covered by workers’ compensation in some states.
Contact us at 1-888-806-9598 for answers to state-specific questions about your coverage. You can also browse business insurance by state for basic information.
Not usually. While workers’ compensation laws vary by state, most don’t require sole proprietors to carry it. However, sole proprietors might benefit from having this coverage to protect against work-related injuries.
Yes. Workers’ compensation can provide coverage for people who are self-employed. While it may not be required by law, many business owners opt to purchase workers’ compensation to cover medical bills and lost wages if an injury occurs.
Depending on the state, contractors and volunteers can be entitled to workers’ compensation benefits if they’re injured or become ill on the job.
Our in-house agency can help answer state-specific workers’ compensation questions. Give us a call at 1-888-806-9598.
Your workers’ compensation cost depends on a variety of factors, including your profession, payroll, claims history, number of employees, and location. Each state has its own set of workers’ compensation laws that can influence your rate. Browse by state to learn more.
