Workers’ Compensation Insurance
Get the Workers’ Compensation Insurance That Your Business Needs
biBERK helps small business owners choose the right workers’ compensation insurance to fulfill state and business requirements without extra costs and hassles. As your business grows, your workers’ comp coverage can too, with our other insurance products designed to protect small businesses like yours. 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.
<p data-qa="save-time-text">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.
<p data-qa="save-money-text">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.
<p data-qa="experienced-text">We're part of Warren Buffett's Berkshire Hathaway Insurance Group with millions of satisfied customers, more than 75 years of insurance experience, and $38 billion in paid claims in 2020.
Determine Your Insurance Costs With a Workers’ Compensation Insurance Quote
The best way to understand what this type of small business coverage will cost is to get a workers’ compensation insurance quote. In just a few minutes spent online or on the phone with one of our insurance experts, you can get a workers’ compensation quote and be ready to purchase workers’ comp insurance 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. 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
Workers’ compensation insurance 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, health care, lawn care, landscaping, professional services, restaurants, bars, retail stores, transportation, and more.
Does My Business Need Workers’ Compensation Insurance?
If you have employees, then 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.
Does Workers’ Compensation Insurance Cover Employees Who Contract COVID-19?
It can, if they contract the disease while at work. Workers’ compensation insurance is designed to address work-related injuries and illnesses. For example, if a nurse treating someone with COVID-19 soon after develops the illness, this might be covered by workers’ comp insurance. Some states may help cover COVID-19-related costs as well, so it’s important to do your research.
What is Workers’ Compensation Insurance?
Workers’ compensation insurance—commonly 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.
Fewer High Out-of-Pocket Business Expenses
With workers’ comp insurance from biBERK, you’re shielded from the high costs of workplace injuries.
Protection From Lawsuits
Workers’ compensation insurance includes employer liability, which protects your business if an employee should sue 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.
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.
Workers’ Comp Coverage for Independent Contractors and Subcontractors
Most states require businesses to provide workers’ comp insurance coverage for independent contractors and subcontractors who don’t have their own coverage. Avoid covering contractors by collecting their Certificate of Insurance before doing business with them. If they don’t have workers’ comp insurance, you’ll be charged for their coverage at a similar rate of their total pay based on the type of work they do.
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
Our insurance experts are happy to assist you, but answers to some of the workers’ compensation insurance questions we get asked most frequently are below.
How does workers’ comp work?keyboard_arrow_down
Workers’ compensation insurance (often called workers’ comp) protects your employees and your business in the event that an employee is injured or contracts an illness at work. It helps pay for medical care and lost wages associated with work-related injuries.
What does workers’ comp cover?keyboard_arrow_down
Workers’ comp covers work-related illness or injury. Coverage usually includes medical expenses, medical care costs, death benefits, disability benefits, lawsuits, and compensation for lost wages.
What does workers’ compensation insurance not cover?keyboard_arrow_down
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.
How long does workers’ comp last?keyboard_arrow_down
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.
Who pays for workers’ compensation?keyboard_arrow_down
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. 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.
Does my business need workers’ compensation insurance?keyboard_arrow_down
What does workers’ compensation insurance cost?keyboard_arrow_down
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.
Do I need workers’ comp insurance coverage as a self-employed business owner?keyboard_arrow_down
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.
Does biBERK provide workers’ comp insurance in my state?keyboard_arrow_down
We offer workers’ comp insurance coverage in all states where we are allowed to do so. 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.
Are seasonal workers covered by workers’ compensation insurance?keyboard_arrow_down
This varies by location, but our insurance experts can help you understand the rules and requirements for your state.
If my business makes changes, how will it affect my workers’ comp insurance?keyboard_arrow_down
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.