Workers Compensation Insurance

At Rogue Risk, we help you “Win” the worker’s comp insurance game by focusing not just on the cost of insurance premiums, but your Total Cost of Risk.

Our proprietary process, RogueRisk365®, allows your business to cut costs and free up cash flow while maintaining the insurance coverages you need to sustain your business.

In most states, workers’ compensation insurance is mandatory coverage when you have employees, in order to operate your business.

Because of this, worker’s comp is glossed over by business owners and insurance agents alike, creating errors in coverage and overcharges in premiums.

That is not how we handle worker’s compensation insurance at Rogue Risk.

Through a simple Experience Mod Audit and Review, we find errors in more than 83% of cases leading to an average savings of over 27% year-over-year.

Worker’s comp is not set-it-and-forget-it. There are massive savings inside your worker’s comp policy right now. Get a quote today and let us show you.

What Is Workers’ Compensation Insurance?

Workers’ compensation insurance, also known as workman’s comp or workers’ comp, gives your employees benefits if they get a work-related injury or illness. These benefits can help:

Cover their medical care
Replace most of their lost wages if they take time to recover
Provide disability benefits
Pay for their funeral if they lose their life

Workers’ comp also has benefits for you, as a small business owner. If your injured employee or their family sues your business, it can help cover your legal costs.

How Does Workers’ Compensation Insurance Work?

If one of your employees gets a work-related injury or illness, our workers' comp insurance can help them at every step of their recovery. We’ve designed programs to support small businesses. We’re here to help promote your employees’ safety and well-being, and to get your injured employees back to work as soon as possible.

On top of helping cover their treatment, our workers' comp insurance can also help pay to train your employees for new roles if they can’t return to their old ones. And, if they can't return to work at all, workers' comp can provide long-term disability benefits.

How Much Does Workers Comp Cost?

Insurance companies use a number of different factors to come up with your workers’ compensation insurance cost, such as your:

Payroll
Industry
Employees' type of work
Claims history

Every small business is unique. So your workers' comp cost will most likely be different than other companies.

Where Do I Get Workers’ Comp Insurance?

In most states, workers’ compensation insurance is required. It’s a good idea to check your state workers’ compensation laws because they vary across the country. Each state determines what kinds of businesses need to carry coverage and describes where you can get workers’ comp. Depending on your state, you can get this insurance from:

Private workers’ compensation insurance companies: States regulate private insurers, but these companies set their own prices and approve or reject customers. You may get better rates and customer service with a private company compared to a state offering.

State-funded workers’ compensation insurance: If you can’t get coverage from a private carrier, state-funded programs can help ensure your employees have coverage.

Competitive state-funded workers’ comp: This means your state offers coverage from a private carrier and a state program. Your state competes with private insurers for customers.

Monopolistic state-funded workers’ comp: Businesses in North Dakota, Ohio, Washington or Wyoming have to get coverage through their state-funded program.

How Is Workers' Comp Calculated?

Insurance companies calculate your workers compensation insurance rate by looking at several factors:

Worker classification codes: Also known as class codes, these are assigned by the National Council on Compensation Insurance (NCCI) or your state. Each type of employee gets a unique code based on the type of work they do.

Payroll: As a business owner, you’ll need a certain amount of workers’ comp insurance based on every $100 of payroll.

Experience modification number: This number takes into account your business’ experience and loss history. The safer your business, the lower your experience modification number. These numbers are subject to state requirements and not every policy may have one.