How to Get Workers’ Comp Insurance Online
Workers’ comp is an important type of business insurance to have. If your employees get a work-related injury or illness, this insurance gives them benefits to help them recover and return to their job.
It’s important to know the difference between workers’ compensation vs. health insurance. Some small business owners mistakenly believe their general liability insurance (GLI) or health insurance covers workers’ comp claims. Your GLI policy helps you with claims your business hurt somebody or damaged someone else’s property. And because your employee got hurt or sick from their job, their health insurance policy won’t provide coverage.
Choose Best Workers’ Compensation Insurance in USA 2023
Are you wondering how to get workers’ comp insurance? It’s easy to get workers’ comp insurance online. You can also get in touch with an insurance agent or broker who can help.
Before you buy, you’ll want to know how much coverage you need. Many factors can affect your coverage levels and your workers’ compensation insurance cost, including:
- How many employees you have
- What types of employees you have
- What kind of work your employees do
- Your payroll size
- State laws
Where to Get Workers’ Comp Insurance
In most states, workers’ compensation insurance is required. It’s a good idea to check your state workers’ compensation laws because they vary across the country. Each state determines what kinds of businesses need to carry coverage and describes where you can get workers’ comp. Depending on your state, you can get this insurance from:
Private workers’ compensation insurance companies: States regulate private insurers, but these companies set their own prices and approve or reject customers. You may get better rates and customer service with a private company compared to a state offering.
State-funded workers’ compensation insurance: If you can’t get coverage from a private carrier, state fund for workers’ compensation can help ensure your employees have coverage.
Competitive state-funded workers’ comp: This means your state offers coverage from a private carrier and a state program. Your state competes with private insurers for customers.