Workers' Compensation insurance
Workers Comp covers medical expenses and replaces lost wages for employees injured at work. Most states and medical carriers require this coverage once employers hire W-2 employees. The premium is primarily rated on two factors: Estimated Annual Payroll and Class Code Rates.
Please note that in the "monopolistic" states of Wyoming, North Dakota, Washington and Ohio, Worker's Compensation insurance is a payroll tax, and is administered by the state itself. Brokers cannot assist in managing or administrating Worker's Compensation in these states. Employers with employees in these states must contact the state agencies themselves for Worker's Compensation inquiries.
For more information, see the following agency links:
- Ohio Bureau of Worker's Compensation
- Washington Dept of Labor and Industry
- North Dakota Division of Workforce Safety and Insurance
- Wyoming Department of Workforce Services
Worker's Compensation & Embroker
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