What to Know About Montana Workers’ Compensation Requirements

A few methods that reduce costs include:

• Creating safety programs and properly training workers
• Starting a return-to-work program for ill and injured employees
• Using annual dividends after the insurance audit
• Making sure every worker has the correct classification

How can business owners purchase workers’ comp insurance in Montana?

The most common way to get workers comp insurance is through an insurance agent who will get quotes from an insurance company. You can view quotes and choose the right policy for your needs.

If your business is high-risk and you cannot get insurance through an insurance company, you can get insurance through the Montana State Fund. 

The last way to gain insurance is to self-insure your workers’ comp claims. When you have self-insurance, you pay your own claims rather than using an insurance provider. 

It only makes sense to self-insure if you are a large business, and you will need permission from the Montana Workers’ Compensation Regulation Bureau.

What happens if I don’t have workers’ comp insurance in MT?

In Montana, an employer who doesn’t have workers’ compensation insurance could be fined double the amount of their owed premium starting at a minimum penalty of $200. 

Penalties are calculated using the state fund rate that would have been charged while uninsured and can be quite large if a business was uninsured for a substantial time.