Workers’ Compensation Insurance
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Get the Workers’ Compensation Insurance That Your Business Needs
Carrying insurance for workers’ compensation claims is vital to employees and your small business. biBerk helps owners choose the right workers’ compensation insurance to fulfill state and business requirements without extra costs and hassles. And as your business grows, your workers’ comp coverage can too, with our other insurance products designed to protect small businesses like yours. It’s reassuring to know we can address all the risks you face, and that if you need assistance of any kind, our experts are just a phone call away! Plus, our small business insurance customers have access to low down payments—all available through biBerk.com.
Save time.
Get a quote entirely online or speak with one of our insurance experts right away for help getting a quote, buying a policy, or answering any questions you may have.
Save money.
We insure your small business directly, without a middleman or insurance broker, so we pass that savings on to you—up to 20% less than policies with other insurance companies.
Experienced.
We're part of Warren Buffett's Berkshire Hathaway Insurance Group with millions of satisfied customers, more than 75 years of insurance experience, and $52.2 billion in paid claims in 2023.
Determine Your Workers’ Comp Insurance Cost With an Online Quote
Looking to budget for your insurance and wondering what that expense will be? The best way to understand your workers’ comp insurance cost is to get an online quote. In just a few minutes spent online or on the phone with one of our insurance experts, you can get a workers’ comp insurance quote and be ready to purchase workers’ comp coverage that will provide financial protection and peace of mind.
Save up to 20% on Workers’ Comp Insurance Coverage
We offer top-rated workers’ comp insurance coverage and other insurance products at prices up to 20% less than the competition. For small businesses, those savings can be very helpful! We also offer fast-and-easy claims and unrivaled customer service. You can call and speak with a small business insurance expert, or you can do everything—including purchasing a workers’ comp plan and submitting claims—online. Our processes are all designed with efficiency in mind so you can spend less time dealing with worker compensation insurance and more time focused on your business.
Workers’ Compensation Insurance Helps Pay Work-Related Injury Bills
Insurance for workers’ compensation claims helps pay bills associated with a work-related injury, including medical care and lost wages. It’s useful in many industries, including apartment and property management, auto services and dealers, cleaning, janitorial, condominiums, hotels, construction, contracting, healthcare, landscaping and lawn care, professional services, restaurants, bars, retail stores, transportation, and more.
Does My Business Need Workers’ Compensation Insurance?
It’s essential for business owners and HR reps to know that if your company has employees, you should buy workers' compensation insurance. Most states require it if you have even one employee or one subcontractor. If you don’t have coverage, you face state fines and penalties—even if you never file a claim. You could also get stuck with unexpected costs you have to pay out of your own pocket.
Workers’ comp insurance coverage gives your employees and their families peace of mind knowing they won’t have to pay for medical treatment or other injury-related expenses.
What is Workers’ Compensation Insurance?
Workers’ compensation insurance—you might also hear it called “workers’ comp” or “workman’s compensation insurance”—is an often-mandatory type of insurance that protects both your employees and your company if an employee experiences an injury or disease while at work, including strains, trip-and-fall accidents, or accidental death. What are the benefits of having this coverage? Here are just a few:
Fewer High Out-of-Pocket Business Expenses
When you buy workers’ comp online from biBerk, you’re shielded from the high costs of workplace injuries.
Protection From Lawsuits
Workers’ compensation insurance includes employer liability. It protects your business if an employee sues for certain reasons outside of workers' compensation claims.
Compliance With State Laws
Workers’ comp insurance helps companies avoid fines and penalties charged by the state for not having proper insurance. For example, in California your fine can be up to $100,000.
What Does Workers’ Comp Cover?
Workers’ compensation insurance protects employees and employers. Imagine an employee falls off a ladder while trying to retrieve something from a high shelf and breaks their arm. The company’s workers’ comp policy can cover costs related to this work-related injury. That might include medical expenses, medical care costs, disability benefits, and lost wages. If an employee dies in an on-the-job accident, the policy can pay a death benefit to a surviving family member. How does workers’ comp protect employers? Suppose a worker sues the company. Workers’ comp can address costs from certain employee lawsuits outside of workers’ comp claims. Carrying this coverage also ensures a company meets its state’s legal requirements. So, when you have a workers’ comp policy, you don’t have to worry about fines, penalties, and potential legal action resulting from non-compliance.
Determining the Cost of Workers’ Comp Insurance Coverage
The average cost of workers’ compensation insurance per $100 in wages ranges from $.75 in Texas to $2.74 in Alaska. Workers’ comp insurance premiums are calculated based on the gross annual payroll you pay to employees. The more payroll expenses you have, the higher your workers’ comp insurance premiums. Workers’ comp insurance premiums are also influenced by your claims history, the requirements of your employees’ roles, the type of business you’re in, and state laws.
How do I Save Money on My Workers’ Comp Policy?
Our direct-to-you model allows us to provide worker compensation insurance at up to 20% less than other companies.
Understand Who Needs to be Covered
Many states require coverage for employees, but not for business owners or officers. Buying a policy means your employees are covered. However, coverage for business owners or officers is typically optional. In addition, if you use subcontractors, you have to pay for their workers' compensation insurance unless they have their own. You can prove that they have their own coverage by collecting their Workers' Compensation Certificates of Insurance.
Manage Your Risks
Create a safe working environment and also facilitate safety and employee training. Your claims history can affect pricing, so a safe business means paying less money over time. Check out biBerk's Loss Control resources to learn more.
Add a Small Deductible
You will be billed for the deductible amount for each claim and non-payment will cancel the workman’s compensation insurance policy. Only available in some states.
Workers’ Compensation Insurance Frequently Asked Questions
If you’re a business owner, HR professional, or independent contractor looking to buy workers’ comp online to protect your company and employees, our licensed insurance experts are happy to assist you. But we’ve also provided answers to some of the workers’ compensation insurance questions we get asked most frequently below for your convenience.
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How does workers’ comp work?
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Workers’ compensation insurance (workers’ comp) protects your employees and your business if an employee is injured or contracts an illness at work. It helps pay for medical care and lost wages associated with work-related injuries.
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What does workers’ compensation insurance not cover?
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Although workers’ compensation insurance provides broad coverage for work-related injuries and illness, 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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How long does workers’ comp last?
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The length of your workers’ compensation depends on your individual case, your prognosis, and how long it takes for you to recover from your injury or illness.
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Who pays for workers’ compensation?
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As a business owner, you pay for your company’s workers’ comp policy. The amount you pay for workers’ compensation insurance is based on your total payroll. We charge you a percentage of your payroll for your workers' comp insurance. The percentage, also called your rate, is based on a variety of factors including your industry and the nature of work your employees perform.
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What is a workers’ comp audit?
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A workers’ comp audit is an industry-standard process that helps us ensure you’re paying the right amount for your coverage. It involves sending us documents that we request so that we can evaluate them and you pay based on your actual employee payroll during the policy period. If the actual payroll is higher than you estimated when you purchased the policy, we send you a bill for the difference. If the actual payroll is lower, we send you a refund for the difference, subject to minimum premiums.
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Does my business need workers’ compensation insurance?
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Nearly all businesses with employees are required by law to have workers’ compensation insurance. Check out our States Served page for details. Our licensed insurance experts are also happy to answer your questions. If you’re a business owner or HR rep, you’ll be happy to learn that we process claims promptly and efficiently and that we offer risk management resources to help reduce the likelihood of claims.
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What does workers’ compensation insurance cost?
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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.
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Do I need workers’ comp insurance coverage as a self-employed business owner?
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As a self-employed business owner with no employees, you typically aren’t required by law to have workers’ comp insurance coverage. However, you may want or need coverage to protect your income or to meet the requirements of a business contract. biBerk is an excellent source for workers’ comp insurance because of our personalized support for contractors and freelancers and the flexibility of our coverage. It’s affordable financial protection you should consider.
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Does biBerk provide workers’ comp insurance in my state?
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We offer this coverage in all states where we are allowed to, and many owners believe we’re the best workers’ comp insurance provider for small businesses. Four states require businesses to buy workers’ compensation insurance from a government entity, so we don’t sell policies there. Check out our coverage map for details.
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Are seasonal workers covered by workers’ compensation insurance?
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This varies by location, but our insurance experts can help you understand the rules and requirements for your state.
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If my business makes changes, how will it affect my workers’ comp insurance?
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You should tell us if you expand to a new state, get into new operations, or have a substantial increase in payroll. Our licensed insurance experts can tell you how your policy will be affected.
Get a Workers’ Comp Insurance Quote Today
Having insurance for workers’ compensation claims is crucial. Trust biBerk to provide the right workers’ compensation insurance for your small business.