Workers' compensation insurance
Every state has its own rules when it comes to workers’ compensation insurance, so the cost of a policy will depend on where your employees are located. Companies with more employees and greater risks pay higher rates for workers' compensation coverage, because they’re more likely to face workplace injuries.
Because state laws regulate workers’ comp, you’ll need to research the laws in your state to find the requirements for your business or consult with a licensed Insureon agent.
Most business owners in Wyoming need workers’ compensation insurance, which protects both employees and employers after a work injury or illness. Employers must purchase coverage from the state fund.
Wisconsin employers are required to carry workers’ compensation insurance unless they are self-insured or qualify for an exemption. This policy covers medical costs for workplace injuries and provides disability benefits.
West Virginia requires all businesses to carry workers’ compensation insurance, with some exceptions. This policy provides medical benefits and wage loss benefits for employees who are injured on the job.
District of Columbia law requires every business with one or more employees to carry workers’ compensation insurance. This policy covers the cost of medical care for injured employees and protects employers from lawsuits.
Workers’ compensation insurance is required for every employee in Washington, including part-time workers. This is a monopolistic state, which means coverage must be purchased through the Washington state fund.