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What is Workers’ Compensation Insurance?

Workers’ Compensation insurance provides protection for employers if an employee suffers a work-related illness or injury. It is also commonly referred to as Workman’s Comp or Workers Comp insurance.

Businesses are often required by law to have Workers’ Compensation insurance before they hire their first employee.

What does Workers’ Compensation Insurance cover?

Workers’ Compensation insurance provides benefits to your employees when they make a claim against your workplace for injury or illness. These benefits include:

  • Medical care
  • Missed wages during recovery
  • Disability support costs
  • Compensation for workplace deaths

Worker’s Compensation insurance provides benefits for a wide range of workplace injuries, such as:

  • Injuring themselves by tripping on stairs at your business location
  • Developing carpal tunnel syndrome caused by unsafe typing habits
  • Getting injured in a car accident while visiting a customer

What is not covered by Workers’ Compensation insurance?

There are limits to what Workers’ Compensation insurance will cover. Workers’ Compensation policies do not cover:

  • Injuries caused while intoxicated or on drugs
  • Independent contractor injuries
  • Injuries claimed after an employee is fired or laid off
  • Wages for replacement workers
  • OSHA fines

Who is covered by Workers’ Compensation insurance?

Workers’ Compensation insurance covers your employees and provides protection for your small business.

If an employee is injured while on the job or contracts a serious illness while working, your Workers’ Compensation policy will cover the cost of medical care, replacement wages, and disability support costs. Should an employee pass away while performing their job, Workers’ Compensation insurance will help cover funeral costs.

However, employees or their families sometimes sue employers over workplace injuries, illnesses, or deaths. Workers’ Compensation also provides financial protection for your business by covering legal costs if it is sued for damages.

Who needs Workers’ Compensation insurance?

Small businesses of all kinds may need Workers’ Compensation insurance. Without Workers’ Compensation insurance, your business will be responsible for medical bills and legal fees.

While workers’ comp laws vary from state to state, most small businesses are required to have a policy in place when they hire their first employee. This generally includes part-time employees as well as full-time ones.

Most states will fine businesses who do not comply with the state’s Workers’ Compensation requirement.

 

Workers Compensation insurance for Self-Employed Workers

If you are a sole proprietor (self-employed with no employees), Workers’ Compensation insurance may not be required for your business. However, it could still be beneficial should you become injured or seriously ill as a result of your work activities.

Check your state laws to understand the workers’ comp requirements in your state regarding sole proprietors.

(BizInsure provides Workers Compensation insurance in all states except Alaska, Hawaii, Ohio, Wyoming, Washington and North Dakota.)

How Much Does Workers’ Compensation Insurance Cost?

Insurance companies use many different factors to determine the cost of Workers’ Compensation policies. These include details about your business like:

  • Your industry
  • Your company’s payroll
  • Claims history
  • Amount of coverage needed
  • Geographic location

Every small business is different with its own unique risk factors. Your policy and premiums are likely to differ from other companies, even within the same industry.

FAQ

Why is Workers’ Compensation coverage important?

Workers’ Compensation coverage is important, because it helps protect your employees and your business in the event of an on-the-job injury or illness.

These policies generally provide your employees with a safety net of benefits. This may include covering medical expenses caused by a workplace injury, replacing lost wages while they recover, and covering the costs of physical therapy to help them return to work.

Your Workers’ Compensation insurance also provides financial protection for your business should an employee or their family sue for damages resulting from a workplace injury or illness. Court costs, settlements and judgements can easily run into the thousands of dollars. Workers’ Compensation insurance helps cover legal costs that could strain your business’ finances.

In many states Workers’ Compensation insurance is required by law. Keeping an active policy can protect your business from being fined or the subject of further legal action.

How does Workers’ Compensation insurance work?

When an employee suffers a work-related injury or illness, Workers’ Compensation insurance provides financial assistance to help them throughout their recovery.

A Workers’ Compensation policy typically covers medical costs related to the employee’s on-the-job injury or illness, replaces part of their income if they take time off to recover, and pays disability support costs if they are unable to return to work.

Workers’ Compensation insurance also provides protection to you as an employer. If an employee or their family sues your business over a workplace injury, illness or death, you Workers’ Compensation policy will cover the legal costs of the lawsuit and any settlements or judgements you are ordered to pay.

Does Workers’ Compensation help cover fatal accidents?

Most Workers’ Compensation policies include death benefits that cover fatal workplace accidents. These help the employee’s family or loved ones pay for their funeral and burial costs.

Is Workers’ Compensation insurance required by law?

Workers’ comp laws vary by state. You may be legally required to have Workers’ Compensation insurance for your business, and your policy typically must be in place before hiring your first employee. If you are unsure if you need Workers’ Compensation insurance for your business, check your state or local laws.

BizInsure provides Workers Compensation insurance in all states except Alaska, Hawaii, Ohio, Wyoming, Washington and North Dakota.

Why do certain clients require you to carry Workers’ Comp?

Clients often require contractors to hold their own Workers’ Compensation insurance. This helps limit the client’s legal liability if the contractor is injured while working on a project for the client. Contractors with their own Workers’ Comp insurance are more likely to make a claim through their insurance, rather than seeking payment from the client.

What is Employers’ Liability insurance?

Employers’ Liability insurance protects you, the employer, from lawsuits relating to a workplace injury and negligence.

Employers’ Liability insurance is typically included in Workers’ Compensation insurance policies, unless your policy was purchased from a monopolistic state fund.  This coverage can be established to compliment your Workers Comp policy.

Why choose BizInsure for your Workers’ Compensation insurance?

Comparing Workers’ Compensation insurance policies can be time consuming, and BizInsure understands that as a small business owner, your time is valuable.

BizInsure makes it quick and easy to compare top rated Workers’ Compensation insurance quotes from leading insurers. Quotes can be purchased online or over the phone, and your insurance certificate will be emailed to you instantly.

Our licensed agents are available, should you need assistance at any point. They are happy to help with getting quotes, purchasing a policy and anything else you may need for the duration of your policy.

How can I get Workers’ Compensation insurance?

BizInsure makes it easy for small business owners to get Workers’ Compensation insurance. Our streamlined online application process is a quick, reliable way to obtain and compare multiple Workers’ Compensation quotes, purchase a policy, and print proof of insurance.

You can also receive quotes and purchase over the phone. Our friendly, licensed support team is available to help you at any stage of your insurance journey.

Please note, BizInsure does not provide Workers Compensation insurance in Alaska, Hawaii, Ohio, Wyoming, Washington or North Dakota.

BizInsure LLC
4.3
Based on 47 reviews
I had numerous conversations with several business insurance agents over a month's time. I also had several conversations confirming the policy inclusion/exclusions and asked many questions. My BizInsure agent was professional, knowledgeable and most important—detail oriented. Even after having an initial conversation a month earlier he knew and *remembered* all my personal/professional insurance needs. When I asked for additional information on the third call he was able to provide me with details very quickly. He was also VERY patient. That is a big plus in my opinion. It illustrated a high level of respect for my needs. I also found when I called back and asked to talk with the initial agent, the person who answered the call was able to get in contact quickly and my agent responded and returned the call within 5-10 minutes. The transaction was smooth, and I think it's a good sign should I ever need to make a claim. I highly recommend BizInsure.
Lori Public Artist
Lori Public Artist
21:00 07 Apr 21
Sandra Darjean-Murphy
Sandra Darjean-Murphy
17:48 31 Mar 21
Jusephine Ghong
Jusephine Ghong
17:58 23 Mar 21
The rep was extremely helpful actually lowered my quote and made sure I was covered to fit my needs with my growing business! 5star!!
Franklin Behm
Franklin Behm
19:04 16 Mar 21
Excellent service and prices.
Cassiopée V Lapierre
Cassiopée V Lapierre
23:13 09 Mar 21
S & S Professional care llc Home Health Agengy
S & S Professional care llc Home Health Agengy
04:15 24 Feb 21
Mr. Daniel Scott was very responsive to my professional needs.
Stephanie Woodruff
Stephanie Woodruff
17:38 18 Feb 21
Eugene deserves a raise! First time purchasing insurance and he made the process so simple for me. His patience and attention to detail left me feeling confident in my decision to choose BizInsure. Gracias Eugene!
Esined Perez
Esined Perez
23:32 17 Feb 21
DIVINE FIJIANS HOME CARE SERVICES
DIVINE FIJIANS HOME CARE SERVICES
22:49 05 Jan 21
The customer service provided by Jose was outstanding. He explained everything in a very clear/logical way and answered all of my questions. After providing all the information to obtain general liability insurance, Jose sent me the declaration page of the insurance for review. All of the information matched what I provided over the phone and there were no typos. The next day I called back to purchase the insurance which was easy and fast. Overall, my experience with BizInsure including the customer service by Jose exceeded my expectations.
Joe Wajdula
Joe Wajdula
03:29 12 Dec 20
Hiscox/BizInsure made getting Liability Insurance very easy and reasonable.I expected it to be a long and complicated process and it was a nice surprise that they made it so uncomplicated. Thank you. Lisa
Lisa Word
Lisa Word
21:51 24 Nov 20
Eugene was incredible. I called 4 other brokers before him who were impossible to get any help.
rhonda hale
rhonda hale
23:26 12 Nov 20
Owner
Owner
23:19 06 Nov 20
Cincere Browdy
Cincere Browdy
15:16 29 Oct 20
Very quick to get in touch with you and good with follow up. Had some trouble retrieving my quote to log into my account initially but Daniel assisted me and the changes were made to get me into my account. Great value for the money.
Fran Sutton
Fran Sutton
16:34 20 Sep 20
Very happy to be insured with this company. Professional, Timely, very helpful. Thank you Juan, you made it so much easier for me to understand.
Aileen Day
Aileen Day
19:55 15 Sep 20
This company responded when I needed them to respond while facing a deadline. They are an excellent choice for business Insurance.
Michele Harris
Michele Harris
01:52 12 Sep 20
Jose Quintero took such great care of me and was very patient explained everything I did not understand and got me set up quickly. Fabulous customer service
Christina Rose
Christina Rose
02:41 27 Aug 20
I can't say enough good things about Daniel Santos kind and effective communication skills as an insurance agent. Daniel was so pleasant, friendly and efficient with helping me obtain insurance as a teacher. If I were to give Daniel a grade, he has earned an At . He made the process easy to understand, it was far easier than what I anticipated. Nancy S.
Nancy Sloan
Nancy Sloan
00:47 26 Aug 20
I was in need of professional liability insurance for my sole proprietorship. A friend referred me. Everythng was quick and simple and AFFORDABLE!
hope jones
hope jones
20:31 25 Aug 20
If you need Private Home Care Provider insurance for your company, BizInsure, LLC can get it for you!
Pamela Curry
Pamela Curry
16:45 24 Aug 20
Cameron Peek
Cameron Peek
19:25 24 Jul 20
Great and fast service!!!! The representative was very professional!!!!
Tanya Sweet
Tanya Sweet
19:51 14 Jul 20
I was tryi9ng to find commercial liability insurance for my new comp-any and BizInsure was easy to use and very affordable which is great for me as a new business.
Jimmy Smith
Jimmy Smith
19:01 14 Jul 20
Great service, but they're also extremely patient. I called over a month ago for specialized E & O coverage, and Bizinsure was able to put me in touch with an extremely reasonable quote. Absolutely invaluable time and monetary savings to be had by going through these folks. If you can-- ask for Anthony. Absolute gem of a human.
James Lang
James Lang
18:19 02 Jul 20
Ken M
Ken M
23:21 28 Jun 20
Great service insurance prices are great for professionals looking to get insurance for businesses....
Rhonda Gray
Rhonda Gray
22:34 22 Jun 20
The provided very professional service and made the process easy.
Paul Rising
Paul Rising
21:51 04 Jun 20
Bradley Hoyle from the Biz Insure team was excellent to work with. Everything was quick and smooth. Great service, much appreciated!
Kristene Smith
Kristene Smith
02:03 04 Jun 20
Anthony Spencer was great!! Very quick response time!! He was very Professional! I would suggest him because he helped me find a affordable rate and explained all the technicalities..
Fre Hall
Fre Hall
16:38 28 May 20
I was referred to Bizinsure by a industry trade group that I am a member of. It was easy to get a quote online and then received excellent customer service from Bradley H. to complete my policy purchase over the phone. I have shared this company information now with other business owners for their policy needs.
Dawn Torres-Gale
Dawn Torres-Gale
22:11 08 May 20
This company was very precise with explaining services and made sure I chose the right business insurance coverage, great customer service at purchasing.
Nekeisha B.
Nekeisha B.
01:30 05 May 20
Amazing
Jasmine Q
Jasmine Q
14:31 02 Dec 19
Trish is the most patient, professional and understanding insurance agent I’ve ever worked with. Trish has taken care of all my business insurance needs for the last couple years. I am really happy that I found an insurance agent that I know will take care of me & all of my concerns. I feel like a valued customer & I appreciate the great customer service that I get every time!!THANK YOU!
Dr. Youssef C. Atallah
Dr. Youssef C. Atallah
17:21 14 Nov 18
Tricia helped me get insurance for my business. The task of obtaining a quote was really starting to frustrate me until I was referred to BizInsure through a different agency. Tricia got me a quote fast, and even took a down payment over the phone and issued the proof of insurance the same day. a+ service, would do it again in a heartbeat!! Thank you!!
Josh Mariscal
Josh Mariscal
18:07 22 Jun 18
BizInsure was a great find! I did not have to fill out applications, and Tricia was able to quote and bind business insurance for me within half an hour.
Allison Young
Allison Young
17:28 21 Jun 18
Started doing business again and needed a policy fast. Ramez was reasonable, helpful and the rates are OK. Buyer beware? Sure, for me it turned out OK this time. Worth a call.
Mark Wallace
Mark Wallace
23:42 13 Nov 17
Daniel Scott
Daniel Scott
15:15 27 Jun 17
Great customer service. I've been very inpressed with my dedicated representative that had helped me navegate my insurence needs. Thanks so much!
Graham Blair
Graham Blair
22:12 23 Jun 17