8 Best Workers’ Compensation Insurance Companies

Cody Cromwell
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Top Workers’ Compensation Insurance Companies 2021

Workers’ compensation insurance covers injury or illness claims that are caused by the employee while they are at work. If your injury was caused by someone else or an accident during your off hours, then you will need to buy Accident and Sickness insurance.

If you are searching for Worker’s Comp insurance, the information below can help you make a more informed decision of picking the right insurance company. This article compares the top 8 rated Worker’s Compensation insurance companies and gives you the insight you need to find the best insurance company for you and your family.

All the rating criteria and methodology can be found in the References and Resources section at the end of this article.

The ratings below are based on a weighted scale. The ratings are based on the following criteria.

Ratings importance:

  • Customer Service Quality
  • VIP Customer Service
  • Insurance Cost
  • No-Fine Guaranteed
  • 30 Day Premium Discount
  • Notification of Claims Resolution
  • 30 Day Claim Acceptance
  • Claim Payment Options
  • No-Fine Guaranteed
  • Premium Discount
  • Average GEICO Customer Review
  • Claims Resolution

What Is Workers’ Compensation Insurance?

Workers’ compensation insurance goes by many names such as Industrial Insurance, Work Injury Insurance, Manual Labor Insurance, and Occupational Disease Insurance. It is provided by private insurance companies to employers to protect them against claims by their employees when they are hurt while on the job performing manual labor or handling a dangerous tool or machine.

However, contrary to popular belief, workers’ compensation insurance does NOT protect employees from all types of accidents and illnesses, but only from claims by their employees for work-related injuries such as an ankle sprain, rotator cuff tear, or work-related complications from diabetes. For example, if an employee is hurt, but it was due to slipping on ice, rather than from a job-related injury, workers’ compensation does not cover that injury and the employee is responsible for paying the medical expenses.

The different types of workers’ compensation:

Reports To: Department of Labor and Industries (DOL)

Functions: Compensates workers for injuries or illnesses related to work-related injuries or occupational diseases. DOL is generally responsible for: Regulation of an insurance market so that there is fair competition among insurance companies. Investigation of complaints against insurers. Regulation of rates and form of policies. Actively considering changes in state laws to reduce paperwork.

The Hartford: Best Overall Workers’ Compensation Insurance Company

The Hartford is a Connecticut based insurance company, originated in 1872. The Hartford represents one of the best Workers’ Compensation Insurance Companies with it’s eco-friendly yet conservative approach.

It’s overly strategic and concerned with taking advantage of the loopholes in the workers’ compensation laws. The Hartford focuses on the long-term health of not only their client companies, but also their client employees.

The Hartford invests heavily in the medical research departments and laboratories. The Hartford has saved their clients millions of dollars and is well known for their innovative approaches such as the Family and Child Portrait.

What Does The Hartford do For Workers’ Compensation? The Hartford is the top insurance company for Work Compensation insurance. They represent a very conservative approach to managing their client companies and their clients employees. They look for the long-term health of the employee, employer and claimants.

They invest heavily in medical and research departments and labs, fully equipped in various medical fields as well as computer-aided design and future computer technology to provide a modern look.

Coverage Highlights

If you’re an employee who is injured on the job, the first thing you want to know is if you’re covered by the worker’s compensation insurance company. Workers’ compensation insurance companies provide benefits to employees who are injured as a result of an on the job injury.

If you’re not covered by a workers’ compensation insurance company, the next question will be, “What do I do now?”

Here are a few tips on the best workers’ compensation insurance companies for you to consider.

Find a Company that’s Right for You

Before you can choose the right workers’ compensation insurance company for you, you need to consider a few important factors. For starters, you want a company that’s recognized by the state as one that can provide benefits for the type of accident that you had. Not all insurance companies are recognized by each state, so be aware of that before you submit a request.

Other Features

While workers’ compensation insurance is designed to take care of your employees in case they become sick or injured on the job, it can also be used to cover them while going on vacation or a much-needed vacation leave.

Here’s a quick list of workers’ compensation insurance features to consider before you sign up for your own coverage, if you don’t already have it.

Day-to-Day Coverage

It’s important that your employees are covered while working and traveling to and from work, even if you consider this to be a part of their job. Some workers will take twice daily commutes and may be on the road for an additional one to two hours each way.

Travelers: Best Workers’ Compensation Insurance for Mobile Workforces

Travelers has a great product that’s well rounded in terms of the coverages it offers. If you’re an employee who regularly travels from one location to another, or you’re a contractor who is working in an area where there’s a constant stream of construction workers, then Travelers Workers’ Compensation Insurance is a good choice for your business.

Travelers workers’ compensation insurance is rated A++ by A.M. Best which reflects its overall positive financial strength. To see more ratings, ratings for its other products, and how much of a risk it would pose to insure your business, use our free insurance quote tool.

To summarize, Travelers Workers’ Compensation Insurance:

  • is ideal for mobile workers.
  • allows you to self-insure your company under certain conditions
  • offers a decent level of medical coverage
  • includes an E&O (bodily injury) coverage.
  • includes international coverage
  • includes a wage replacement benefits.
  • is equipped with resources to help handle claim appeals.

Coverage Highlights

If you’re an employee who is injured on the job, the first thing you want to know is if you’re covered by the worker’s compensation insurance company. Workers’ compensation insurance companies provide benefits to employees who are injured as a result of an on the job injury.

If you’re not covered by a workers’ compensation insurance company, the next question will be, “What do I do now?”

Here are a few tips on the best workers’ compensation insurance companies for you to consider.

Find a Company that’s Right for You

Before you can choose the right workers’ compensation insurance company for you, you need to consider a few important factors. For starters, you want a company that’s recognized by the state as one that can provide benefits for the type of accident that you had. Not all insurance companies are recognized by each state, so be aware of that before you submit a request.

Other Features

While workers’ compensation insurance is designed to take care of your employees in case they become sick or injured on the job, it can also be used to cover them while going on vacation or a much-needed vacation leave.

Here’s a quick list of workers’ compensation insurance features to consider before you sign up for your own coverage, if you don’t already have it.

Day-to-Day Coverage

It’s important that your employees are covered while working and traveling to and from work, even if you consider this to be a part of their job. Some workers will take twice daily commutes and may be on the road for an additional one to two hours each way.

biBERK: Best Workers’ Comp Insurance for Quick Online Coverage

BiBERK is now the market leader in the Workers’ Compensation Insurance market and offers lower rates and better service.

If you want total business protection, your workers’ compensation insurance needs to cover everything, and you need it fast. Having biBERK’s 24-hour online claims system allows you to turn to biBERK for timely help and immediate access to the claims process. For detailed information about your workers’ compensation coverage, reach out to BiBERK.

The BiBERK difference?

BiBERK workers’ compensation specialists are the best in the business. Our team of experienced workers’ comp professionals is ready to review your company’s policies and help you improve your bottom line. Our rate commitments cover everything that is important to you and your business. For more information, speak with a BiBERK workers’ compensation specialist today!

Top 10 Things to Know about Workers’ Compensation

{1}. Understand the Basics:
{2}. Learn the Differences:
{3}. Make the Right Decision:
{4}. Partner with a Pro:
{5}. The Importance of Documentation:
{6}. Do you have sufficient coverages?:
{7}. What to Look For in a Broker:

Coverage Highlights

If you’re an employee who is injured on the job, the first thing you want to know is if you’re covered by the worker’s compensation insurance company. Workers’ compensation insurance companies provide benefits to employees who are injured as a result of an on the job injury.

If you’re not covered by a workers’ compensation insurance company, the next question will be, “What do I do now?”

Here are a few tips on the best workers’ compensation insurance companies for you to consider.

Find a Company that’s Right for You

Before you can choose the right workers’ compensation insurance company for you, you need to consider a few important factors. For starters, you want a company that’s recognized by the state as one that can provide benefits for the type of accident that you had. Not all insurance companies are recognized by each state, so be aware of that before you submit a request.

Other Features

While workers’ compensation insurance is designed to take care of your employees in case they become sick or injured on the job, it can also be used to cover them while going on vacation or a much-needed vacation leave.

Here’s a quick list of workers’ compensation insurance features to consider before you sign up for your own coverage, if you don’t already have it.

Day-to-Day Coverage

It’s important that your employees are covered while working and traveling to and from work, even if you consider this to be a part of their job. Some workers will take twice daily commutes and may be on the road for an additional one to two hours each way.

Chubb: Best Workers’ Compensation Insurance for Return-to-Work Program Assistance

Wisconsin based Chubb provides the best Workers’ Compensation Insurance for Return-to-Work program assistance. Their policy includes pain and suffering coverage, rehabilitative services, and medical treatment.

Coverage Highlights

If you’re an employee who is injured on the job, the first thing you want to know is if you’re covered by the worker’s compensation insurance company. Workers’ compensation insurance companies provide benefits to employees who are injured as a result of an on the job injury.

If you’re not covered by a workers’ compensation insurance company, the next question will be, “What do I do now?”

Here are a few tips on the best workers’ compensation insurance companies for you to consider.

Find a Company that’s Right for You

Before you can choose the right workers’ compensation insurance company for you, you need to consider a few important factors. For starters, you want a company that’s recognized by the state as one that can provide benefits for the type of accident that you had. Not all insurance companies are recognized by each state, so be aware of that before you submit a request.

Other Features

While workers’ compensation insurance is designed to take care of your employees in case they become sick or injured on the job, it can also be used to cover them while going on vacation or a much-needed vacation leave.

Here’s a quick list of workers’ compensation insurance features to consider before you sign up for your own coverage, if you don’t already have it.

Day-to-Day Coverage

It’s important that your employees are covered while working and traveling to and from work, even if you consider this to be a part of their job. Some workers will take twice daily commutes and may be on the road for an additional one to two hours each way.

Liberty Mutual: Best Workers’ Comp Insurance for One-stop Shopping

Liberty Mutual is one of the best workers’ compensation insurance companies for those looking for one-stop shopping. Many companies are generally friendly and informative when answering questions, but Liberty Mutual is the real deal.

The people who answer calls and emails are trained to answer all questions and provide all the necessary information you need to make an informed decision.

Their website is pretty informative and user friendly. You can also get phone help with any questions you may have. They cover all the bases from providing full coverage to building a workers’ compensation policy tailored to your company’s unique needs.

Given that Liberty Mutual is one of the more popular carriers, they also have a large network of overhead to distribute claims. Since overhead is usually higher for bigger carriers, this is good news for you if you’re looking for coverage for a company that has fewer than 50 employees. You’ll find more choices in smaller employers to choose from, and you’ll be able to receive even better coverage.

Coverage Highlights

If you’re an employee who is injured on the job, the first thing you want to know is if you’re covered by the worker’s compensation insurance company. Workers’ compensation insurance companies provide benefits to employees who are injured as a result of an on the job injury.

If you’re not covered by a workers’ compensation insurance company, the next question will be, “What do I do now?”

Here are a few tips on the best workers’ compensation insurance companies for you to consider.

Find a Company that’s Right for You

Before you can choose the right workers’ compensation insurance company for you, you need to consider a few important factors. For starters, you want a company that’s recognized by the state as one that can provide benefits for the type of accident that you had. Not all insurance companies are recognized by each state, so be aware of that before you submit a request.

Other Features

While workers’ compensation insurance is designed to take care of your employees in case they become sick or injured on the job, it can also be used to cover them while going on vacation or a much-needed vacation leave.

Here’s a quick list of workers’ compensation insurance features to consider before you sign up for your own coverage, if you don’t already have it.

Day-to-Day Coverage

It’s important that your employees are covered while working and traveling to and from work, even if you consider this to be a part of their job. Some workers will take twice daily commutes and may be on the road for an additional one to two hours each way.

CyberPolicy: Best Workers’ Comp Insurance for Comparison Shopping

Cyberpolicy offers competent and affordable workers’ compensation insurance for small companies and sole proprietors. Since there is no underwriting, Cyberpolicy works closely with all of its carriers to ensure that rates are the most competitive possible. But Cyberpolicy doesn’t apply direct to the carriers and instead gathers quotes from third parties, who can compete with each other and offer the best deal on workers’ compensation insurance.

The direct quote is only available to larger employers with over 50 employees, which is a small portion of the overall market. Cybesoft is a good choice for small businesses and sole proprietors.

Cyberpolicy offers two solutions for workers’ compensation insurance. The proof of loss program is a straightforward solution for most small businesses and sole proprietors because you’re not required to file claims, manage claims, or pay a reconciliation fee. As an independent contractor, your business doesn’t have a formal business owner or corporate structure, so you’ll only have to provide basic information.

Alternatively, if you have a formal business, the Interval program is a comprehensive plan for business owners, corporations, and non-compete distributions. Interval also has all the go-to benefits of workers’ compensation insurance, including health care, prescription drugs, disability, and supplemental death benefits.

Coverage Highlights

If you’re an employee who is injured on the job, the first thing you want to know is if you’re covered by the worker’s compensation insurance company. Workers’ compensation insurance companies provide benefits to employees who are injured as a result of an on the job injury.

If you’re not covered by a workers’ compensation insurance company, the next question will be, “What do I do now?”

Here are a few tips on the best workers’ compensation insurance companies for you to consider.

Find a Company that’s Right for You

Before you can choose the right workers’ compensation insurance company for you, you need to consider a few important factors. For starters, you want a company that’s recognized by the state as one that can provide benefits for the type of accident that you had. Not all insurance companies are recognized by each state, so be aware of that before you submit a request.

Other Features

While workers’ compensation insurance is designed to take care of your employees in case they become sick or injured on the job, it can also be used to cover them while going on vacation or a much-needed vacation leave.

Here’s a quick list of workers’ compensation insurance features to consider before you sign up for your own coverage, if you don’t already have it.

Day-to-Day Coverage

It’s important that your employees are covered while working and traveling to and from work, even if you consider this to be a part of their job. Some workers will take twice daily commutes and may be on the road for an additional one to two hours each way.

Pie Insurance: Best Workers’ Comp Insurance for Finding Savings

What does it take to hit the jackpot on a career-ending injury claim? First, you need to consider your heavy, non-future wage loss in the thousands per month for the rest of your life. How about cleaning out the bank account for that purpose?

Although your future lost wages and wages from the date of injury will cause you the most issues, you may not realize how much your medical expenses and future lost wage will add to the pie you can collect in your claim.

Second, you need to consider all of the expenses you will incur in the months following your injury. In most cases, your insurance adjuster will tell you that you can’t deduct those expenses, but they won’t mention that the IRS will allow you to deduct all of those expenses in figuring the taxes you owe. The IRS will let you deduct all related expenses you incur in figuring your earned income. If you add up your expenses for the month leading up to your injury, the amount you may see on your tax bill would actually add up to a billion dollars.

Coverage Highlights

If you’re an employee who is injured on the job, the first thing you want to know is if you’re covered by the worker’s compensation insurance company. Workers’ compensation insurance companies provide benefits to employees who are injured as a result of an on the job injury.

If you’re not covered by a workers’ compensation insurance company, the next question will be, “What do I do now?”

Here are a few tips on the best workers’ compensation insurance companies for you to consider.

Find a Company that’s Right for You

Before you can choose the right workers’ compensation insurance company for you, you need to consider a few important factors. For starters, you want a company that’s recognized by the state as one that can provide benefits for the type of accident that you had. Not all insurance companies are recognized by each state, so be aware of that before you submit a request.

Other Features

While workers’ compensation insurance is designed to take care of your employees in case they become sick or injured on the job, it can also be used to cover them while going on vacation or a much-needed vacation leave.

Here’s a quick list of workers’ compensation insurance features to consider before you sign up for your own coverage, if you don’t already have it.

Day-to-Day Coverage

It’s important that your employees are covered while working and traveling to and from work, even if you consider this to be a part of their job. Some workers will take twice daily commutes and may be on the road for an additional one to two hours each way.

EMPLOYERS: Best Workers’ Comp Insurance for Fluctuating Payroll

Even if you don’t need Workers’ Compensation insurance today, there still might be a good reason to get it for future business.

If you do decide to get it, you won’t have to worry about the bottom falling out of your company, or worst, your insurance premiums shooting through the roof.

The unpredictability of the economy and the tremendous volatility of most industries only makes it more important to have a way to cover overhead if something unexpected happens. Workers’ Compensation insurance also offers you a degree of flexibility so that if the inevitable accident does happen, you don’t have to shut down for a couple of weeks while you wait for the insurance money to show up. Since most injuries occur in the course of doing your job, Workers’ Compensation offers a reasonable degree of predictability.

There are a variety of goals that employers have in mind when deciding how to pay their Workers’ Compensation premiums. Some employers would like to have the lowest premiums they can possibly afford, while others would like to pay the highest because they know that Workers’ Comp premiums will always be lower than for the general public. We’ll take a look at what it is that each of these groups is looking for.

Coverage Highlights

If you’re an employee who is injured on the job, the first thing you want to know is if you’re covered by the worker’s compensation insurance company. Workers’ compensation insurance companies provide benefits to employees who are injured as a result of an on the job injury.

If you’re not covered by a workers’ compensation insurance company, the next question will be, “What do I do now?”

Here are a few tips on the best workers’ compensation insurance companies for you to consider.

Find a Company that’s Right for You

Before you can choose the right workers’ compensation insurance company for you, you need to consider a few important factors. For starters, you want a company that’s recognized by the state as one that can provide benefits for the type of accident that you had. Not all insurance companies are recognized by each state, so be aware of that before you submit a request.

Other Features

While workers’ compensation insurance is designed to take care of your employees in case they become sick or injured on the job, it can also be used to cover them while going on vacation or a much-needed vacation leave.

Here’s a quick list of workers’ compensation insurance features to consider before you sign up for your own coverage, if you don’t already have it.

Day-to-Day Coverage

It’s important that your employees are covered while working and traveling to and from work, even if you consider this to be a part of their job. Some workers will take twice daily commutes and may be on the road for an additional one to two hours each way.

Alternatives to Workers’ Comp Insurance Companies

Workers’ compensation insurance is a mandatory program for businesses with a certain number of employees in America. The program provides benefits to employees who are injured on the job.

The injured employee can be treated by either a worker’s compensation doctor, nurse, or hospital, or may see a private doctor of his/her choice.

For safety purposes, access to private medical care is often restricted.

The process for filing an injury claim will depend on the specifics of your situation. But the basic steps are as follows:

  • Employee calls accident hotline
  • Accident notice is faxed to doctor
  • Doctor treats and sends report to insurance carrier
  • Supervisor/manager investigates report
  • Accident report is filed
  • Consultation meeting between claimant and insurance group takes place
  • Procedure is followed to find medical malpractice
  • Hospital billing revisions are submitted
  • Claimant and insurance group settle
  • Insurance carrier provides benefits
  • Employer pays benefits

Bottom Line

Workers’ compensation insurance is provided to cover employees for work related injuries and illnesses. If the injured employee can’t work due to injuries or medical conditions, the insurance company will provide payment for medical care until the injury/illness is healed. Workers’ compensation insurance differs from regular health insurance in the amount of coverage and the restrictions on what expenses it covers.

There are two major types of workers’ compensation insurance – insurable and non insurable – – as described below.

Insurable risks are those for which there is actually a cost to insure. Employers are required by law to carry workers' compensation coverage for insurable risks. Non-insurable risks are those for which there is no cost to insure – they are assumed to be covered as a matter of law. Employers do not have to carry workers' compensation coverage for those; however, if they do not, they can be held liable for any injuries or deaths that occur.

The eight companies listed below provide quality workers’ compensation insurance for most small businesses.

The The Workers' Compensation Report (WCR) is a quarterly publication that reports on workers' compensation trends in the United States.