Workers' compensation insurance is a mandatory requirement for most businesses with employees. It covers medical costs and lost wages for workers who are injured or become ill while on the job, while also protecting employers from potential lawsuits.
: A broker can help you compare quotes from multiple national carriers and ensure you have the correct industry classification codes. buy workers comp
: Precise industry codes that describe the risk level of the work performed (e.g., clerical vs. construction). : Precise industry codes that describe the risk
: Categorized by their specific job duties. : Requirements vary by state
: Requirements vary by state. Most mandate coverage as soon as you hire your first employee, but some have thresholds based on employee count or industry.
: Most businesses buy from private carriers like The Hartford or Travelers .