Protect your business from employee injuries and illnesses – all for as low as $13 a month.1
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What Is Workers’ Compensation Insurance?
Workers' compensation insurance gives employees medical, wage and other financial benefits if they are injured or become ill on the job. This coverage is required in most states. Workers' compensation insurance is also known as workman's comp or workers' comp insurance.
What Does Workers' Compensation Insurance Cover?
Workers’ compensation insurance helps your employees recover from work-related injuries and illnesses so they can get back to work faster. Workers’ comp benefits can help:
- Cover medical care and medical treatment
- Replace most of their lost wages if they take time off from work to recover
- Provide disability benefits
- Give death benefits, like helping pay for a funeral if they lose their life in a work accident or from a job-related illness
Workers’ comp coverage also has benefits for small business owners. For example, it includes liability insurance coverage. So, if your business faces lawsuits from injured workers or their families, workers’ comp can help pay for your legal costs.
Common Questions About Workers' Comp
How Does Workers’ Compensation Work?
Workers’ compensation helps your employees recover from work-related injuries or illnesses. It can help if your workers:
Trip while walking up the stairs in your office
Develop carpal tunnel syndrome from poor typing habits
Get hurt in a car accident on their way to visit a client
It can also help pay to train your employees for new roles if they can’t return to their old roles. And, if they can’t return to work at all, workers’ compensation coverage can provide long-term disability benefits.
Is Workers' Comp Insurance Required?
Most states have workers' compensation requirements. Not carrying workers' compensation can lead to significant fines and penalties. The laws vary by state and can include exclusions for certain types of employees.
For example, workers classified as federal employees get coverage through a program administered by the Department of Labor.
Who Needs Workers’ Compensation Insurance?
Almost all businesses need workers’ compensation coverage, but the most common are:
We’ve designed our programs to support small businesses and we’re here to help promote your employees’ safety and well-being, helping them return to work as soon as possible.
The Advantages of Workers’ Comp From The Hartford:
Preferred Medical Provider Network
Your employees have access to over 1 million providers experienced in treating workplace injuries.
Prescription Drug Features
Your employees have access to more than 65,000 U.S. pharmacies to fill a prescription, usually with no out-of-pocket expenses, plus convenient mail-order service.
Needle Stick Reimbursement Program
If your worker gets hurt with a needle, this helps cover medical expenses and pays for the initial testing of your employee and their patient. It can also reimburse your employee for additional testing.
Nursed Back to Health Program
Highly experienced nurse case managers work with your employees to help coordinate healthcare and treatment. They can also help with physical, emotional and occupational therapies.
Pay-As-You-Go Billing Solutions
Pay your premiums based on your business’ actual payroll, instead of an estimate.
How Much Is Workers’ Compensation Insurance?
Workers’ compensation insurance costs vary. But according to our policy data, most of our customers with less than $300,000 in payroll pay an average of $70 a month.2 Some policies can start as low as $13 a month.3 Of course, this is for customers with The Hartford. Workers’ comp quotes will vary in price, but you can see how much you’ll pay by getting a quote online today.
Average Monthly Workers' Compensation Cost for The Hartford's Customers:4
For payroll amount:
Approximate Monthly Cost
An insurance company uses different factors to come up with workers’ comp rates. This can include your business’:
- Employees’ type of work
- Claims history
The National Council on Compensation Insurance assigns classification codes based on the type of job workers do. If your business has a history of claims, this could increase your cost for coverage.
You can use this formula to estimate your workers’ comp insurance cost:
Need Workers’ Comp Insurance?
You try to run your business as safely as possible, but workplace accidents and employee sickness on the job happens often. We’re here to help your employees through their injuries and get them back to work faster.
What Our Workers’ Compensation Customers Are Saying:
“The Hartford's portal to upload and complete the information requested for Workers’ Compensation is very user friendly and easy to follow.”
“The Hartford is quick to respond to needs that our company has and while we have never had a workers’ comp claim or general liability claim I have full confidence that our benefits would be honored in an expedited manner.”
“The Hartford finally made workers' comp audits easy. I remember when the process took days, involved faxes, and torpedoed my productivity while amping up my stress. It's still not fun, but it only takes a single-digit number of minutes.”
“I have always had The Hartford Insurance since opening my business in 2015 and have never had any issues. I would highly recommend The Hartford to any new prospective business owners.”
Last Updated: June 26, 2023
1,2,3,4 Premium amounts presented are based on monthly premium paid by The Hartford’s Small Business customers between 1/1/21 and 12/31/21 for 12-month policies. Premium is derived from a number of factors specific to your business and may vary.
** "World's Most Ethical Companies" and "Ethisphere" names are registered trademarks of Ethisphere LLC.
*** This is a simplified calculation for educational purposes only. Actual premium calculations can be more complex. Experience mods are subject to state requirements and do not apply to every policy.
Additional disclosures below.