Workers’ Compensation Insurance
Protect your employees, your business, and peace of mind with a policy from Strategic partners and Insurance group.
Best for:
Employee medical expenses check
Help with missed wages check
Lawsuits over injuries that aren't covered
Get the Workers’ Compensation Insurance That Your Business Needs
Carrying insurance for workers’ compensation claims is vital to employees and your small business. Strategic Partners and Insurance Groups helps owners choose the right workers’ compensation insurance to fulfill state and business requirements without extra costs and hassles. And as your business grows, your workers’ comp coverage can too, with our other insurance products designed to protect small businesses like yours. It’s reassuring to know we can address all the risks you face, and that if you need assistance of any kind, our experts are just a phone call away! Plus, our small business insurance customers have access to low down payments all available through Strategic Partners and Insurance Groups.
Small Business Insurance Experts
Strategic Partners Insurance Group has over 500,000 satisfied customers and focuses exclusively on small businesses. Why is Strategic Partners Insurance Group the business insurance company so many organizations rely on? There are many reasons.
Why Partner with Us: Strategic Partners & Insurance Groups
We’re the experts when it comes to insurance for small businesses.
Save time
Get a quote entirely online or speak with one of our insurance experts right away for help getting a quote, buying a policy, or answering
any questions you
may have.
Save money
We insure your small business directly, without a middleman or insurance broker, so we pass that savings along to you - up to 20% less than policies with other insurance companies.
Experienced
We're part of Warren Buffett's Berkshire Hathaway Insurance Group with millions of satisfied customers, more than 75 years of insurance experience, and $38 billion in paid claims in 2020.
Save up to 20% on Small Business Insurance
We offer top-rated insurance products at prices up to 20% less than the competition. We also offer fast-and-easy claims and unrivaled customer service. You can call and speak with a small business insurance expert, or you can do everything including purchasing a plan and submitting claims entirely online. Our processes are all designed with efficiency in mind so you can spend less time dealing with insurance and more time focused on your business.
Small business insurance frequently asked questions
We’re always happy to talk with you about your insurance needs, but below are answers to some of the questions business owners frequently ask us.
Am I required to have small business insurance?
Certain types of coverage may be required in your state and for your type of business. Plus, some companies require that the businesses they work with have insurance and some landlords require that you have insurance coverage. Our business insurance experts can help you understand what kinds of policies you need.
Does Strategic Partners Insurance Group provide business insurance in my state?
Most likely, yes. However, it depends on the state you’re in and the type of insurance you’re looking for. Check out our coverage maps for details.
What kind of small business insurance do I need?
Each business has unique insurance needs. Going through our online quote process or talking with one of our insurance experts are two great ways to better understand your needs. However, there are some “rules of thumb” to use as guidance. General liability insurance is needed if customers visit your premises, and errors and omissions insurance is important for individuals or businesses that provide a professional service or advice. If you have assets like equipment and furniture, or if you own buildings, a business owners policy (also called property & liability insurance) is important. And if you have employees, you’ll need a workers’ compensation policy.
Determine Your Workers’ Comp Insurance Cost With an Online Quote
Looking to budget for your insurance and wondering what that expense will be? The best way to understand your workers’ comp insurance cost is to get an
online quote. In just a few minutes spent online or on the phone with one of our insurance experts, you can get a workers’ comp insurance quote and be ready to purchase workers’ comp coverage that will provide financial protection and peace of mind.
Does My Business Need Workers’ Compensation Insurance?
It’s essential for business owners and HR reps to know that if your company has employees, you should buy workers' compensation insurance. Most states require it if you have even one employee or one subcontractor. If you don’t have coverage, you face state fines and penalties even if you never file a claim. You could also get stuck with unexpected costs you have to pay out of your own pocket.
Workers’ comp insurance coverage gives your employees and their families peace of mind knowing they won’t have to pay for medical treatment or other injury-related expenses.
What Does Workers’ Comp Cover?
Workers’ compensation insurance protects employees and employers. Imagine an employee falls off a ladder while trying to retrieve something from a high shelf and breaks their arm. The company’s workers’ comp policy can cover costs related to this work-related injury. That might include medical expenses, medical care costs, disability benefits, and lost wages. If an employee dies in an on-the-job accident, the policy can pay a death benefit to a surviving family member. How does workers’ comp protect employers? Suppose a worker sues the company. Workers’ comp can address costs from certain employee lawsuits outside of workers’ comp claims. Carrying this coverage also ensures a company meets its state’s legal requirements. So, when you have a workers’ comp policy, you don’t have to worry about fines, penalties, and potential legal action resulting from non-compliance.
How do I Save Money on My Workers’ Comp Policy?
Our direct-to-you model allows us to provide worker compensation insurance at up to 20% less than other companies.
Understand Who Needs to be Covered
Many states require coverage for employees, but not for business owners or officers. Buying a policy means your employees are covered. However, coverage for business owners or officers is typically optional. In addition, if you use subcontractors, you have to pay for their workers' compensation insurance unless they have their own. You can prove that they have their own coverage by collecting their Workers' Compensation Certificates of Insurance.
Manage Your Risks
Create a safe working environment and also facilitate safety and employee training. Your claims history can affect pricing, so a safe business means paying less money over time. Check out Strategic Partners and Insurance Groups' Loss Control resources to learn more.
Add a Small Deductible
You will be billed for the deductible amount for each claim and non-payment will cancel the workman’s compensation insurance policy. Only available in some states.
Workers’ Compensation Insurance Frequently Asked Questions
If you’re a business owner, HR professional, or independent contractor looking to buy workers’ comp online to protect your company and employees, our licensed insurance experts are happy to assist you. But we’ve also provided answers to some of the workers’ compensation insurance questions we get asked most frequently below for your convenience.
Who is required to carry workers’ compensation insurance?
Most states require businesses with one or more employees to carry workers’ compensation insurance. However, the requirements vary by state, and some may exempt certain types of workers, such as business owners, officers, or independent contractors. Be sure to check your state’s specific regulations.
Are independent contractors and subcontractors covered?
Generally, independent contractors are not covered under your workers’ comp policy unless specifically included. However, if subcontractors don’t have their own workers' compensation coverage, you may be legally and financially responsible for providing it. Always collect their Certificates of Insurance for proof of coverage.
What does workers’ compensation insurance cover?
Workers’ compensation insurance helps cover medical expenses, lost wages, rehabilitation costs, and death benefits if an employee gets injured or becomes ill due to work-related activities. It also protects your business from certain legal liabilities related to workplace injuries.
How is the cost of a workers’ comp policy determined?
The cost of your policy depends on factors such as your industry, payroll size, number of employees, business location, and claims history. Businesses with lower risk jobs and strong safety practices typically pay lower premiums.
What should I do if an employee gets injured at work?
Immediately ensure the employee receives medical attention. Then, report the injury to your insurance provider as soon as possible. Prompt reporting helps ensure your employee gets the benefits they need and helps keep your business compliant with state laws.
Get a Workers’ Comp Insurance Quote Today
Having insurance for workers’ compensation claims is crucial. Trust to provide the right workers’ compensation insurance for your small business.
