The Knowledge Base

helpful tidbits from the experts

In focus:

Getting a Workers' Comp Policy

Workers’ Compensation Insurance Cost Per Employee 2025

The cost of workers' compensation insurance per employee in 2025 is about $94 a month. However, the exact cost will depend on several factors, including your industry, payroll size, claims history, and location.

a business owner checking all the documents for workers comp

What to Know About Workers' Comp: 4 Most Important Aspects

Navigating workers’ compensation insurance can be complex, but understanding the key components is crucial for business owners. The 4 most important aspects to focus on are payroll, preparing for audits, timely premium payments, and loss control visits. These elements play a significant role in ensuring the protection of your business and employees.

a business owner checking documents to get a workers' comp quote

What Information is Needed for a Workers' Comp Insurance Quote?

To get your ballpark premium amount, all you need is payroll and which class code. Most insurance companies are going to dig into specific questions to find out the risks associated with your business operations.

an independent contractor using a telephone

Is Workers’ Comp Required for Independent Contractors?

According to state law, workers’ comp is not typically required for independent contractors. It is important to understand how your state defines an independent contractor. Also, even though you are not required to provide workers' comp coverage, if the independent contractor lacks this coverage and gets injured on the job, you could be held liable. Make sure that anyone you hire as an independent contractor possesses their own coverage.

a business owner comparing workers' compensation insurance and health insurance

Workers' Comp vs Health Insurance

Workers’ comp and health insurance serve distinct purposes in protecting employees. While workers' compensation covers work-related illnesses and injuries, health insurance covers general healthcare needs.

Time Management Strategies for Entrepreneurs & Professionals

Time is everything. Whether you’re trying to be more efficient in your professional or personal life or looking for better balance overall, mastering time management strategies for entrepreneurs and professionals is paramount. By optimizing how you spend your time, you will free up precious moments, empowering you to focus on priorities and achieve your goals more effectively.

subcontractor plastering wall protected by workers comp insurance

Does a Subcontractor Need Workers’ Compensation Insurance?

As a contractor hiring subcontractors, you may ask the question: "Does a subcontractor need workers' compensation insurance?" The answer is as follows: If you’re hiring a subcontractor, make sure that they have their own workers' compensation insurance. Without it, the subcontractor will be included in your policy, making you responsible for their premium payments and any injury claims they file.

Workers’ Compensation Insurance for Sole Proprietors

As a sole proprietor, you are generally excluded from a workers' comp policy. However, you may decide to include yourself in the policy either to win a contract or to be covered in the event of a workplace injury. It is important to note that any employees you hire will require workers' comp insurance.

How Much Does a Ghost Policy Cost?

Typically, a ghost policy cost is around $1,000, although prices may vary depending on the insurance carrier and coverage options. Some carriers that offer ghost policies also provide pay plans, while others may not.

The Knowledge Base

helpful tidbits from the experts

In focus:

Getting a Workers' Comp Policy

Workers’ Compensation Insurance Cost Per Employee 2025

What to Know About Workers' Comp: 4 Most Important Aspects

What Information is Needed for a Workers' Comp Insurance Quote?

Is Workers’ Comp Required for Independent Contractors?

Workers' Comp vs Health Insurance

Time Management Strategies for Entrepreneurs & Professionals

Does a Subcontractor Need Workers’ Compensation Insurance?

Workers’ Compensation Insurance for Sole Proprietors

How Much Does a Ghost Policy Cost?

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