What Is Workers' Compensation Insurance?
Workers' compensation insurance protects employers from liability in case an employee is injured or becomes ill as a result of work-related activities. It covers medical expenses, lost wages, and legal costs associated with these injuries or illnesses, and it's a critical part of any business's risk management plan. But how much should your business be paying for coverage?
How Much Does Workers’ Compensation Insurance Cost?
The biggest factors affecting the cost of workers’ comp insurance include the industry or type of work that employees do, the total cost of your payroll and your business’ experience modification rating which reflects your company's past claims performance and total number of claims.
Who Needs Workers’ Compensation Insurance?
All states, with a small number of exceptions, require businesses with employees who are not owners, to purchase workers’ compensation coverage for those employees.
The Challenges With Workers' Comp
Are you frustrated with your current workers' compensation program?
Expensive Premiums
Workers’ compensation costs can be cost-prohibitive if not managed correctly.
Few Coverage Options
There are not a lot of options for a company that needs workers' compensation.
Poor Claims Management
Claims management is lacking for many companies which leads to poor results.
There is a Better Way - Alloy Employer Services
Proactive Workers' Comp Claims Management
Save Money
The average Alloy client saves over 20% on their workers' compensation premiums immediately after onboarding, and that's just the beginning!
A True Partner
Alloy is responsible for all risks and is, therefore, proactive and watchful of all steps in the process. The way we work - by definition - we only win when you win.
Get Your Free Workers' Compensation Quote
Or call us toll free at 833-280-5324
Zero Commitment -
Free Claims Assessment
Get an absolutely free analysis of your company’s Workers’ Compensation program
including rates and claims management performance.