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 A-rated, flexible coverage designed to handle the toughest risks so you can focus on 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-enter the workforce, and ongoing benefits for permanent injuries.
Death benefits
Financial support for the families.
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
How to get workers’ compensation coverage online
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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.
Why choose EverPeak for workers’ compensation coverage?
Frequently Asked Questions
Find answers to commonly asked questions about workers’ compensation.
Employees can verify online if their employer has coverage through the state’s online search tool.
Enforcing safety protocols, providing proper employee training, maintaining a clean and hazard-free work environment, and regularly reviewing safety practices can significantly reduce workplace injuries.
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.
Ideally, the incident should be reported immediately or within a few days of the occurrence. Prompt reporting helps ensures the necessary steps are taken to initiate the workers' compensation claims process.
Ready to get protected?
We have a large network of agents who are ready to get you started.