Best workers comp insurance for small business

Finding the best workers’ compensation insurance for your small business can feel overwhelming, but it’s crucial to protect your employees and your business financially. Here are some of the top-rated options to consider:

Top Picks:

Best workers comp insurance for small business

  • Nationwide: Consistently ranks high for both workers’ comp and small business insurance in general. They offer competitive rates, a variety of coverage options, and excellent customer service.
  • The Hartford: Known for its financial strength and stability, The Hartford offers comprehensive workers’ comp coverage with customizable options and strong claims management.
  • Erie Insurance: A mutual company focused on policyholders, Erie is known for its affordable rates and commitment to customer service. They also offer a wide range of other business insurance products.
  • Pinnacol Assurance: Available in several states, Pinnacol is a member-owned company that offers competitive rates and excellent safety resources for small businesses.
  • State Fund Mutual Insurance Company: A state-run workers’ comp provider in Colorado, State Fund Mutual offers competitive rates and a strong focus on workplace safety.

Other Factors to Consider:

  • Your industry: Some industries have higher risk factors than others, which can impact your rates.
  • Your payroll: Your workers’ comp premium will be based on your payroll, so it’s important to get an accurate estimate.
  • Your budget: Workers’ comp insurance can be expensive, so it’s important to shop around and compare rates before you buy.
  • Claims history: If you have a good claims history, you may be eligible for discounts on your premium.
  • Additional coverage: Some workers’ comp policies offer additional coverage, such as employer’s liability insurance, which can protect your business from lawsuits.

Here are some resources that can help you compare workers’ comp insurance quotes:

Remember, the best workers’ comp insurance for your small business will depend on your specific needs and budget. It’s important to do your research and compare quotes from different insurers before you make a decision.


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