Workers’ compensation insurance
Protect your workers and business with coverage that works as hard as you do.
What is workers’ compensation?
Workers’ compensation is state-mandated insurance that provides medical benefits and wage replacement to employees injured on the job. It functions as a no-fault system that protects both the worker and employer. EverPeak provides nationwide coverage designed to handle even the toughest risks so you can focus on running your business.
What does workers’ compensation cover?
A standard workers’ comp policy covers four primary areas: medical expenses, lost wages, employer liability and ongoing rehabilitation. EverPeak policies ensure your crew gets the care they need to return to work safely while protecting your business from the costs of workplace accidents.
Medical care
Coverage for the necessary treatment resulting from a work-related injury or illness.
Lost wages
Partial pay for employees unable to work while recovering from an injury.
Legal protection
Financial support for your business if an employee files a lawsuit related to an accident.
Ongoing care
Rehabilitation and training to support employees re-entering the workforce, and ongoing benefits for permanent injuries.
Death benefits
Financial support for the families.
How can I prevent workplace injuries?
EverPeak helps prevent workplace injuries through industry-specific safety guidance, practical tools and a consultative approach to identifying risks before they become claims. We’re here if a workplace accident occurs, and we help you avoid them because fewer injuries mean less disruption, lower costs and a team that stays on the job.
Industry-specific guidance
Practical tools and resources
A consultative approach
How much does workers’ compensation cost?
Workers’ compensation insurance costs are primarily determined by your total payroll, your industry’s risk classification and your company’s claims history. Workers’ compensation costs start as low as $18 a month with EverPeak.
- Payroll
- Number of employees
- Industry
- Experience Modification (E-mod)
- State regulations
Read the full guide: How much does workers’ compensation cost?
How to get workers’ compensation coverage
To get started with EverPeak, tell us a little about your business, and we’ll connect you with an expert from our agent network.
Learn more about workers’ compensation in your state
Learn everything you need to know about workers' compensation in your state.
From the Grand Canyon to the Appalachian Mountains, EverPeak Insurance offers reliable workers' compensation coverage nationwide. Multi-state coverage is now available, allowing you to protect your business across state lines.
What business insurance do I need?
EverPeak offers a range of commercial insurance lines to help you fully protect your business.
Workers’ compensation
Business owner’s policy
General liability insurance
Professional liability insurance
Flood insurance
Cyber insurance
Why choose EverPeak for workers’ compensation coverage?
Frequently Asked Questions
Find answers to commonly asked questions about workers’ compensation.
Your premium is primarily determined by your industry payroll classifications, geographic location and total annual payroll. Your business’s safety history can also play a major role in determining your final rate. Three key factors influence your base insurance rate:
- Industry classification codes: Higher-hazard trades naturally carry higher baseline rates.
- Geographic location: Rates and statutory benefit structures fluctuate heavily by state lines.
- Historical safety record: Maintaining an accident-free workplace lowers your Experience Modification Rate (E-mod), resulting in built-in premium discounts.
Most states require businesses with employees to carry workers’ compensation insurance to stay compliant. Requirements vary by location, but having coverage ensures your business is protected and your team has access to benefits if an injury occurs.
Employees can verify online if their employer has coverage through the national online search tool.
Whether you need coverage for contractors depends entirely on your state’s specific regulatory definitions and formal worker classification tests. Since misclassification regulations are highly complex and can lead to severe audits or stop-work orders, it’s vital to ensure your entire labor force is properly verified and protected based on the actual day-to-day work they do.
Learn more: Do independent contractors need workers’ compensation?
Reach out to our customer service team directly at (888) 407-5247, or fill out our contact form, and we’ll point you in the right direction.