Depending on where your business is located, you might use a state fund:
If your business is in a high-risk industry (like roofing or logging) and private carriers reject your application, you can apply for the . This is a state-mandated program that ensures every employer can get coverage, though it is usually the most expensive option. Key Documentation
: States like California , New York , and Texas offer a state-run fund that competes with private insurers. This is often a safety net for high-risk businesses that private companies won't cover. 3. Assigned Risk Pools where to buy workers compensation insurance
While there isn't one definitive "paper" with that exact title, finding the right workers' compensation insurance typically involves navigating three main "paths" based on your state's laws and business size. 1. Private Carriers (The Most Common Path)
: Major players include Travelers (the largest U.S. underwriter), The Hartford, and Allstate . Depending on where your business is located, you
Most businesses buy policies through private insurance companies. You can compare rates at sites like Insureon or Progressive Commercial .
: In North Dakota , Ohio , Washington , and Wyoming , you must buy insurance through the state-operated fund. Private insurance is not allowed. This is often a safety net for high-risk
Once you buy a policy, you will receive a . You will often need to provide this proof of coverage to clients, contractors, or vendors before starting a project. Workers' Compensation Insurance - Progressive Commercial