Workers' compensation insurance
Most states don’t require companies to provide workers’ compensation coverage for independent contractors. Still, many freelancers and subcontractors choose to carry it themselves since it can cover medical costs from work-related injuries that health insurance often excludes.
The average premium for workers' compensation insurance is about $54 per month. Your exact cost will depend on several factors, including your policy limits, business location, industry risks, and number of employees.
Workers' compensation insurance covers the cost of work-related injuries. It's required for Alabama businesses that have five or more employees.
Workers' compensation insurance covers the cost of work-related injuries. It's required for all Washington businesses that have employees, including part-time workers.
Workers' compensation insurance covers the cost of work-related injuries. It's required for all Wyoming businesses that have employees, unless they are self-employed or qualify for an exemption.
Workers' compensation insurance covers the cost of work-related injuries. It's required for all West Virginia businesses that have employees, unless they are self-employed or qualify for an exemption.
Workers' compensation insurance covers the cost of work-related injuries. It's required for all Vermont businesses that have employees, unless they are self-employed or qualify for an exemption.
Workers’ compensation insurance is optional for South Dakota businesses. However, many small business owners choose to get coverage because it’s a cost-effective option that can help you save money in the long run.
Workers' compensation insurance covers the cost of work-related injuries. It's required for all Rhode Island businesses that have employees, unless they qualify for an exemption.
Workers' compensation insurance covers the cost of work-related injuries. It's required for all Ohio businesses that have employees, unless they are self-employed or qualify for an exemption.
Workers' compensation insurance covers the cost of work-related injuries. It's required for all North Dakota businesses that have employees, including part-time workers.
Workers' compensation insurance covers the cost of work-related injuries. It's required for all Nebraska businesses that have employees, including part-time workers.
Workers' compensation insurance covers the cost of work-related injuries. It's required for all Mississippi businesses that have five or more employees.
Workers' compensation insurance covers the cost of work-related injuries. It's required for all Maine businesses that have employees, both in the public and private sectors.
Hawaii law requires every business with employees to carry workers’ compensation insurance. This policy provides medical benefits for employees who are injured on the job.
