What industry do you work in?
Class codes (what you do) determine your base rate.
Why is my industry important?
Workers' compensation rates are determined by classification codes. An accountant sitting at a desk has a much lower risk of injury than a roofer on a ladder. We ensure you are classified correctly so you don't overpay for your policy.
What worries you most?
We tailor the policy to cover your specific employee risks.
Medical Bills
Covers ambulance rides, ER visits, and surgery for injured staff.
Lost Wages
Pays your employee a portion of their income while they recover.
Lawsuits
Protects you if an employee sues regarding unsafe conditions.
What does Workers' Comp actually cover?
Workers' Compensation is often called the "Exclusive Remedy." This means that in exchange for guaranteed medical and wage benefits, employees generally give up their right to sue you for the injury. It covers:
How many employees do you have?
Do not include yourself (the owner) in this count.
How does headcount affect my rate?
Workers' Comp premiums are based on your Annual Payroll. The formula is usually:
(Payroll / 100) x Class Code Rate = Premium.
For example, a roofing company will have a higher "Class Code Rate" than a law firm, even if they have the same number of employees.
Rated Excellent by Business Owners
"My state requires coverage as soon as you hire your first employee. This site made it easy to find a compliant policy in minutes."
"We had an employee trip in the warehouse last month. The insurance we bought here covered the ER bill and his time off. Saved us thousands."
"Payroll reporting is a nightmare with other agents. These guys set me up with 'Pay-As-You-Go' so I only pay for the exact staff I have."
Bundle & Save?
Add these policies to fully protect your business.
Is Workers' Comp mandatory?
In most states, the answer is YES. Even if you only have one part-time employee, state law often requires you to carry this coverage.
Failing to carry it can result in massive state fines, sometimes up to $1,000 per day of non-compliance. It acts as a safety net for your employees and a legal shield for your business.
The risks of not having it:
- Heavy state fines
- Paying medical bills out of pocket
- Employee lawsuits
- Stop-work orders
What's the price tag?
Cost is based on payroll and risk. Here are estimated monthly costs per employee:
Clerical / Admin
Office workers have very low risk of injury, resulting in the lowest premiums.
Retail / Restaurant
Slip and falls, cuts, and burns are common, leading to moderate premiums.
Construction
Due to heights, heavy machinery, and hazardous tools, rates are higher.
3 Factors That Determine Your Rate
The NCCI code assigned to your industry. Roofing is more expensive than accounting.
The more you pay in wages, the higher the premium (since benefits are based on wages).
If you've had frequent claims in the past, your "Experience Mod" will increase your rate.