There are several ways to go about getting workers compensation quotes and coverage solutions for “most” business owners. However, for those industries that are more difficult to insure there are typically only a few coverage options.
How do I get workers compensation insurance?
Many “high risk” industries are typically quoted by the appropriate State Fund or Assigned Risk Pool, a payroll + workers compensation insurance provider, or sometimes the insurance carrier that writes your business owner package.
Less Difficult, mainstream business types have several more options for quotes and coverage. Insurance carriers typically want to fight for these businesses since they are more predictable in terms of losses, and thus more profitable.
Business owners should turn to agents who focus on writing workers compensation insurance daily. They are the most educated in the industry, familiar with the frequently changing rules and regulations regarding owners inclusion/exclusion, payroll minimum/maximums, classification rules, and end of the policy audits.
Business owners and Employers can find good workers compensation insurance agents local to their area or through the Internet.
Searching for work comp quotes through the internet is generally the best option, those agents have access to multiple insurance markets giving the business owner more competitive pricing to choose from. When searching on the internet use phrases such as “workers compensation insurance quotes” to find the best deals.
One of the most important factors when you purchase workers compensation insurance is feeling comfortable with the agent and insurance company you are working with. Good agents represent numerous strong insurance carriers and help educate employers about coverage to help eliminate surprises that could create additional premium due or claim issues.