Workers’ Compensation Insurance


Workers’ Comp is insurance that covers medical expenses and a portion of lost wages for employees who become injured or ill on the job. Most states require businesses to have workers’ compensation insurance.

Cost Factors

Your employee’s riskRiskier jobs usually have higher rate. For example, a cook at a restaurant will have a higher risk than an office worker using the computer.

Your payrollYour business annual payroll is used to determine your insurance cost. You must provide information regarding your annual payroll.

Your claims historyIf your business had workers’ compensation claims in recent years, you could see an increase in your premium.

Your locationHigher-risk areas can lead to higher premiums.