Workers Compensation

Let us help you make sure your adequately covered for workers comp. We’ll get you a great rate and keep your business going strong.

What is Workers' Compensation Insurance?

Workers’ compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee’s right to sue his or her employer for the tort of negligence.

coverage & policies

Choose the level of protection that is appropriate for you. See what's covered in general liability insurance and what you might need to add, if anything.

get a discount

Get a quote to see how back-to-work programs & safety programs can reduce your monthly rate. Because everyone wants to save money on workers compensation insurance, regardless of their specific insurance needs.

make a claim

Get helpful information or assistance in filing an workers compensatio claim.

What does workers compensation insurance cover?​

Nearly all occupational injuries are covered by workers’ compensation, as long as they are determined to be unintentional. The whole definition, however, is rather broad, defining what is covered as “injuries experienced throughout the course and scope of employment.”

 

It’s possible that there are some ambiguities in what that means. If you slip and fall in the parking lot on your way to work, for example, you may be able to file a workers’ compensation claim, but some states have tougher rules than others.

Why Do I Need Workers’ Comp?

There are a handful of reasons why having workers’ comp is important for a business owner, but these two are the most important.

  1. You’ll be covered by insurance in the event that one of your employees is injured. As you might expect, even a minor accident can cost hundreds of thousands of dollars.  
  2. When you have a workers’ compensation policy in place, you are giving up your employees’ right to sue you if they are injured at work. Typically, the cost of a lawsuit exceeds the cost of paying medical bills.

As a result, a workers’ compensation policy ensures that employees are appropriately compensated for injuries caused on the workplace. Employers, on the other hand, can provide financial assistance to injured employees, enjoy a set cost, and avoid occupational injury litigation.

Top Workers' Comp Statistics You Need to Know

It’s important to note, however, that employees can still sue employers for other types of workplace events, including harassment, bullying, discrimination, etc. 

If a business chooses not to carry workers’ comp, it could face a number of consequences, such as the following.

  • Criminal charges: If a business is required to carry workers’ comp and doesn’t, it could be shut down, heavily fined, and possibly faced with jail time for breaking the law. 
  • Legal costs: Without workers’ comp coverage, businesses would face the full legal costs of any lawsuits brought against them. 
  • Financial ruin: Without workers’ comp coverage, businesses would face the full cost of any workplace injuries, lost wages, and lawsuits, which could easily put a company out of business.

How Much Does Workers’ Compensation Cost?

Workers’ comp costs vary widely, with three main factors affecting your premium.

  • The state your business operates in
  • The size of your business
  • The industry your business is in

As you may expect, a major roofing contracting firm will pay far more in workers’ compensation than a large accounting firm. A single hair stylist’s annual premiums could be a few hundred dollars, while a large factory could spend hundreds of thousands of dollars.

 

 

Your workers’ compensation claims history, also known as an experience modifier, or just a’mod’ for short, is another element that influences your premium. The experience mod of a company is a method that assesses if a company has had more or fewer workers’ compensation claims than other companies in its industry.

 

The industry average is 1.00, with a number less than 1.00 indicating fewer claims and a lower rate than the norm. Higher than average claims and a higher rate are indicated by numbers greater than 1.00.

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