The Iowa Workers’ Compensation Act mandates that most employers have valid workers’ compensation insurance in place before employees start work. Employers pay an average of 92 cents per $100 of payroll in the state for workers’ comp insurance―an average that spans across industries. Shopping for workers’ compensation insurance isn’t always easy. You have to provide…
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7 Best Business Insurance Brokers for 2021
When business owners need insurance, they have three options: buy directly from a carrier, work with a captive agent who can only sell policies from one carrier, or go to a broker. Business insurance brokers can sell policies from multiple carriers, giving you an easy way to compare offers. More importantly, brokers work for you—not…
New Mexico Workers’ Compensation: Laws, Providers & Costs
All employers with three or more employees in the state of New Mexico are required to have workers’ compensation insurance. This protects employees who get injured or ill on the job and prevents employers from expensive lawsuits over their employees’ injuries. New Mexico workers’ compensation insurance costs, on average, 89 cents per $100 of payroll―that’s…
Utah Workers’ Compensation: Laws, Providers & Costs
Utah workers’ compensation insurance laws require that most businesses with at least one employee maintain a valid policy to protect injured employees from the expense of medical bills and to pay lost wages. The average workers’ compensation policy in Utah costs 78 cents per $100 of payroll when averaged across all industries in the state….
Rhode Island Workers’ Compensation: Laws, Providers & Costs
Rhode Island workers’ compensation insurance regulations require any employer in the state with at least one employee to maintain valid coverage. This is to protect employees who may suffer injuries or illnesses because of their work. The average rate paid across all Rhode Island employers is $1.09 per $100 of payroll. However, rates vary based…
Kansas Workers’ Compensation: Laws, Providers & Costs
Kansas law requires employers to maintain workers’ compensation insurance if they have at least $20,000 in payroll a year. This no-fault insurance protects employees who get injured while performing work-related duties. In Kansas, workers’ compensation insurance costs an average of 99 cents for every $100 of a business’ payroll. Because costs vary, business owners should…
8 Best Professional Liability Insurance Companies
Business owners need professional liability insurance in case clients accuse them of making mistakes that cause a financial loss. These policies, sometimes called errors & omissions (E&O) insurance, can be tailored to cover industry-related risks. We reviewed more than 25 of the top liability insurance providers and narrowed it down to the eight best: :…
Kentucky Workers’ Compensation: Laws, Providers & Costs
Kentucky law is pretty clear: If you have one or more employees, you are required to obtain workers’ compensation insurance to pay medical benefits and lost wages if an employee gets hurt on the job. The average cost of a workers’ compensation policy in the state is $1 per $100 of payroll––that’s across all industries….
Mississippi Workers’ Compensation: Laws, Providers & Costs
Mississippi employers who have at least five employees must get workers’ compensation insurance. This coverage is designed to protect employees who are injured at work. While premiums vary widely, the average rate for a Mississippi workers’ compensation policy is $1.22 per $100 of payroll across the state. Don’t get overwhelmed when shopping for workers’ compensation…
Oklahoma Workers’ Compensation: Laws, Providers & Rates
The Oklahoma Administrative Workers’ Compensation Act mandates that nearly all Oklahoma employers provide workers’ compensation insurance to their employees. This law includes both full-time and part-time workers. On average, Oklahoma employers can expect to pay $1.21 per $100 of payroll in workers’ compensation premiums. Finding a workers’ comp policy is easy when you use a…
Alabama Workers’ Compensation: Laws, Providers & Costs
In Alabama, state law requires employers carry workers’ compensation insurance when they have five or more employees. This insurance provides medical benefits and covers partial lost wages if an employee is injured while on the job. Alabama employers can expect to pay an average of $1.01 per $100 of payroll for the right insurance policy….
5 Best LLC Insurance Companies
A limited liability company (LLC) needs insurance just like any other business entity, but different policies cover different risks. The type of coverage you get is contingent on what your LLC does and how it does it. For example, most LLCs need general liability, but those that offer professional services also need professional liability coverage….