Workers' Compensation Insurance
Workers' comp is required in most states and fundamental to protecting your employees and your business. Your Policy advisors work across multiple carriers to find coverage that fits your industry, your payroll, and your risk profile.
What independent advice means for you.
Every employer with employees is exposed to workers' compensation claims — and most don't think about it until one happens. The right workers' comp program does more than meet your state's legal requirement. It protects injured employees, limits your liability, and manages the experience modification factor that directly affects your premium year over year.
As independent advisors, Your Policy works across multiple workers' comp carriers to find the right program for your business — whether you're a single-location contractor or a multi-state employer. We understand how experience mods work, how carrier underwriting varies by class code, and how to structure a program that controls long-term cost.
We also support you when claims happen — helping you navigate the process, communicate with the carrier, and manage the claim's impact on your future premiums.
What independent advice means for workers' comp
- Access to multiple carriers — not just one company's appetite
- Class code review to make sure your payroll is classified correctly
- Experience mod analysis — understanding where you are and how to improve
- Multi-state coverage for employers operating across state lines
- Claims advocacy when an injury occurs
- Annual program review at renewal — not just a rate comparison
- Return-to-work program guidance to reduce claim duration and cost
What workers' compensation covers.
A well-structured workers' comp program addresses the full spectrum of employee injury exposure — from first dollar to long-term disability.
Medical Benefits
Covers all necessary medical treatment for a work-related injury — doctor visits, emergency care, surgery, hospitalization, therapy, and prescriptions. No deductible for the injured employee.
- All necessary medical treatment
- Emergency and specialist care
- Surgery and hospitalization
- Physical therapy and rehabilitation
- Prescription medications
Lost Wage Replacement
When an injury prevents an employee from working, workers' comp replaces a portion of lost wages — typically two-thirds of average weekly wage up to a state-set maximum.
- Temporary total disability (TTD)
- Temporary partial disability (TPD)
- Permanent total disability (PTD)
- Permanent partial disability (PPD)
- State-specific benefit schedules
Employer Liability
Part B protects against lawsuits by employees claiming negligence caused their injury beyond standard benefits. Critical in states where common law claims remain possible.
- Third-party-over actions
- Dual capacity claims
- Loss of consortium claims
- Consequential bodily injury
Death Benefits
If a work-related injury results in death, workers' comp provides benefits to surviving spouse and dependents — covering funeral expenses and ongoing income replacement per state schedules.
- Funeral and burial expenses
- Surviving spouse benefits
- Dependent children benefits
- State-specific benefit formulas
Experience Modification Factor
Your ex-mod multiplies your premium based on claims history vs. similar businesses. Below 1.0 reduces premium; above 1.0 increases it. Managing your mod is one of the highest-ROI activities in commercial insurance.
- Calculated annually by state rating bureau
- Based on 3 years of loss history
- Affects every renewal premium
- Improved through loss control & claims management
Class Code Classification
Workers' comp premium is calculated on payroll by class code. Misclassification is common and expensive in both directions. We review codes at every renewal to correct over- and under-payment.
- NCCI and state bureau class codes
- Payroll segregation by job function
- Clerical vs. field worker separation
- Owner and officer exclusions where applicable
Multi-State Coverage
Each state has its own workers' comp system, benefit schedules, and requirements. We structure programs that comply with every state where your employees work.
- All states endorsement available
- Monopolistic state fund integration
- State-specific benefit compliance
- Multi-state payroll allocation
Large Deductible & Self-Insurance
High-volume employers may reduce premium by absorbing smaller claims through large deductible programs or qualified self-insurance, while retaining catastrophic loss protection.
- Large deductible programs
- Qualified self-insurance programs
- Captive insurance structures
- Stop-loss protection for self-insured programs
Return-to-Work Programs
Getting injured employees back to work safely — in modified or light-duty roles — as quickly as medically appropriate is the single most effective way to control workers' comp costs.
- Modified duty job identification
- Transitional work programs
- Physician communication protocols
- Reduces TTD benefit duration and claim cost
Occupational Health
Directing injured employees to a consistent, employer-designated occupational health provider reduces treatment cost, speeds recovery, and improves communication with the treating physician.
- Designated treating physician programs
- Occupational health clinic relationships
- Drug-free workplace programs
- Pre-employment physicals and screening
Claims Advocacy
When a claim is filed, Your Policy advisors work with you and the carrier — communicating with the adjuster, monitoring reserves, and managing the claim's impact on your experience mod.
- Carrier communication support
- Reserve monitoring
- Disputed claim guidance
- Experience mod impact analysis
Frequently Asked Questions
What you need to know about workers' compensation insurance.
-
In most states, any employer with one or more employees is required to carry workers' compensation insurance. Requirements vary by state — some exempt very small employers or certain industries, and a few states operate monopolistic state funds where all coverage must be purchased from the state. Your Policy advisors can confirm your state's specific requirements and structure a compliant program.
-
Your experience mod (ex-mod) is a multiplier calculated by your state's rating bureau based on your claims history over the prior three policy years. An ex-mod of 1.0 is average. A mod below 1.0 reduces your premium; a mod above 1.0 increases it. Managing your mod through loss control and claims management is one of the most effective ways to control long-term insurance costs.
-
In most states, sole proprietors, partners, and corporate officers can elect to exclude themselves from workers' compensation coverage — which reduces the payroll subject to premium. The rules vary significantly by state and business structure. We review owner and officer exclusion options at every policy setup and renewal.
-
Workers' comp premium is calculated based on payroll by class code — each has its own rate reflecting the risk of injury for that type of work. Misclassification goes both ways: over-classification means you're paying more than you should; under-classification creates audit exposure and potential penalty. We review your class codes annually to make sure your payroll is allocated correctly.
-
Most workers' comp policies are written on an estimated payroll basis and subject to a premium audit at year end. The auditor reviews your actual payroll records, 1099s, and subcontractor certificates to determine the final premium. We help you understand what the auditor will look for before the policy year ends.
-
Report the injury to your carrier as soon as possible — most states have mandatory reporting timeframes. Direct the employee to the designated treating physician if you have an occupational health provider relationship. Document the incident thoroughly. Contact your Your Policy advisor so we can help coordinate with the carrier and monitor the claim from the beginning.
-
Only if they are misclassified. Legitimate independent contractors are not employees and are not covered by your workers' comp policy. The risk is when workers are classified as contractors but function as employees under IRS and state tests. Carriers audit this at year-end, and uninsured subcontractors are often added to your payroll at audit.
Workers' comp done right from day one.
The right program protects your employees, keeps you compliant, and manages your long-term cost. Let Your Policy advisors build it for you.
Get a Workers' Comp Quote