4 Types Of Workers’ Compensation Benefits
Workers’ Compensation Insurance Frequently Asked Questions
If you have questions, our licensed insurance experts are happy to talk with you. However, for your convenience, answers to some of the workers’ compensation insurance questions we get asked most frequently are below.
Does my business need workers’ compensation insurance?
Most businesses with employees are required by law to have workers’ compensation insurance. Our licensed insurance experts can provide guidance on whether you need coverage.
On average, what does workers’ compensation insurance cost?
Per $100 in wages, the average cost of workers’ compensation insurance ranges from $.75 in Texas to $2.74 in Alaska. Premiums are calculated based on your company’s gross annual payroll. The higher your payroll, the higher your premiums.
What does workers’ compensation insurance not cover?
Although workers’ compensation insurance provides coverage for most work-related injuries and illnesses, there are some exclusions. For example, injuries outside of work aren’t covered, and commuting to and from work generally isn’t covered, though there may be coverage in some states. Also, intentional injuries and those occurring as a result of substance abuse or intoxication aren’t covered.
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