Workers’ compensation insurance protects employees under state laws and can provide compensation for medical care, death, disability and vocational rehabilitation benefits to workers for work-related injuries and illnesses. Coverage premiums of workers’ compensation are based on the employer’s payroll, the type of work your employees do and the company’s experience modification rating. 

Workers’ compensation insurance is legally mandated in most states in the United States. State laws determine when an employer needs to provide workers’ compensation insurance; it typically depends on the number of employees. 



























How Much Is Workers’ Compensation Insurance for a Small Business? 

Several factors may influence the costs of your workers’ compensation insurance, including:  

• The state where your employees work

• Your annual total payroll

• The type of work done by your employees

• Your claims history

It’s important to know that the cost of your policy may vary from that of another business. Contact an agent to determine what your business’s rate will be.