Workers’ Compensation Insurance
Protect your small business and help take care of employees who get sick or injured on the job.
Insuring over 1 million small business owners worldwide.
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Workers’ Compensation Insurance
Coverage for Your People and Your Small Business
For owners:
It can financially protect your business from lawsuits that could be filed by an injured worker. This is often referred to as employers’ liability insurance.
For employees:
It can cover medical expenses and lost income if an employee gets hurt or sick while on the job.
Medical expenses
Workers’ compensation can cover exams, tests, and surgeries — even after an employee returns to work.
Lost wages
An employee unable to work as the result of an injury could receive a portion of their wages in a lump sum or in weekly installments.
Rehabilitation costs
Benefits can help cover physical therapy and ongoing care to help an employee recover and return to work.
Funerals and survivor benefits
Workers’ compensation also can help pay for a funeral and other end-of-life costs.
How Much Does Workers’ Comp Cost?
Get a quick estimate in just 3 steps. Prices as low as $42.13/mo.*
Do I Need Workers’ Comp Insurance?
Workers’ comp insurance is generally required in all states. Specific requirements can vary by state, so it’s a good idea to check with your local and state agencies. We can help find workers’ comp coverage for 350+ types of small businesses including these:
Answers To More Workers’ Comp Questions
What determines the cost of workers’ comp insurance?
Cost is determined by a number of factors, including what your business does (and the risks involved). Other factors include, but are not limited to, your business payroll, claims history, and where you do business.
We can help find coverages for as low as $42.13/month* in just 10 minutes right here.
What if I’m just working for myself and have no employees?
Business owners are generally not required to have workers’ comp coverage. However, you may need it to land jobs in certain higher-risk fields, such as construction or roofing. And if you’re a sole proprietor, it can be good to have if a work-related injury or illness puts you out of action.
What if I already have health insurance?
A standard health insurance plan may not cover a work-related illness or injury. Plus, many health insurance plans won’t cover lost income as a result of your injury or rehabilitation and retraining costs.
What does small business general liability insurance cover?
Typically covered:
- Medical payments
- Lost wages
- Rehabilitation expenses
- Death benefits
Typically not covered:
- Client or vendor accidents
- OSHA fines
- Work safety improvements
- Wages for a worker who replaces the injured employee
Why work with Simply Business?
We provide customized coverage options and quotes from top-rated small business insurers – all in just 10 minutes. More than 1 million small business owners worldwide trust us with their insurance, and we consistently earn high customer ratings and reviews.
We have more workers’ comp FAQs here.
Workers’ Compensation
A one-minute explanation
Find out what workers’ compensation covers, why you might need it, and how we can help. All in just 60 seconds.
As a business owner, you’re the one making it all happen. But as your business grows, you’re likely to have to bring on some people to help get the job done. And in most states once you have employees, you may need workers’ compensation insurance. Workers’ comp can help cover if an employee gets sick or injured while working for your business, that can include medical rehab, bills loss, wages, and even death benefits. Carrying a workers’ comp insurance policy can prevent an injured employee from suing your business. Workers’ comp laws differ by state, which can make it difficult to figure out what coverage you need. Not to worry, if you need coverage, our high-tech online quote tool is designed to help you get what you need for the state or states you work in. Plus we’ve got helpful licensed agents you can speak to on the phone. Workers’ comp can help take care of your employees and we can help you take care of workers’ comp.
Feel confident about your choice
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More Helpful Information About Workers’ Compensation Insurance
*Displayed price is an estimate based on the 10th percentile of Workers’ Comp policies sold by Simply Business between January-June 2024, divided evenly across a 12 month policy term. Actual price and payment terms, including an initial down payment, may vary based on your state, insurance provider, and business.