One thought on “Who is required to carry workers’ compensation insurance?

  1. Arti says:

    All states, with a small number of exceptions, require businesses with employees who are not owners, to purchased workers’ compensation coverage for those employees. This provides an equitable system where rates are charged commensurate with the actual loss experience of the class of business. For more information about workers’ compensation insurance, including workplace safety training contact your local agent or call Nationwide at 1-888-490-1549. Economic factors for each state are then overlaid onto this data to determine the rate for each class in a given state. ” Rates are determined for each class based on the prior five years of loss costs for all businesses within that class. Similar businesses in each state, that exhibit comparable workplace injury patterns and costs, are grouped into “classes.

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