About Workers' Comp

What is workers’ comp?

Workers’ compensation is a business insurance that provides benefits  to employees who sustain a work-related accident or illness. This insurance ensures that workers will receive the medical care they need and indemnity payments for a portion of their lost wages until they are able to return to work. Even if a worker loses his or her life, workers’ comp insurance will provide death benefits to the dependent family.  

Workers’ comp insurance can also help protect your business from lawsuits, as well as keep your business compliant with state regulations.

Do all businesses need workers' comp?

Workers’ compensation laws are compulsory in all states except New Jersey and Texas. In these two states the workers’ compensation laws are elective and allow the employers to “opt in or opt out”. The employer is responsible for the cost of workers’ compensation insurance and cannot legally require an employee to pay any of this cost.

How much does workers' comp cost?

Although there is no standard cost for workers’ comp insurance and the insurance requirements and regulations can vary significantly between states and impact the cost, insurance companies use various factors to determine costs, such as:

  • Payroll
  • Employees’ type of work
  • Claims history

How to get workers' comp coverage for your business

We write business through a select group of brokers and agents.