: States like California , New York , and Texas offer a state-run fund that competes with private insurers. This is often a safety net for high-risk businesses that private companies won't cover. 3. Assigned Risk Pools
Most businesses buy policies through private insurance companies. You can compare rates at sites like Insureon or Progressive Commercial . where to buy workers compensation insurance
While there isn't one definitive "paper" with that exact title, finding the right workers' compensation insurance typically involves navigating three main "paths" based on your state's laws and business size. 1. Private Carriers (The Most Common Path) : States like California , New York ,
: Check AM Best ratings to ensure the carrier is financially stable enough to pay out long-term claims. 2. State-Funded Options Assigned Risk Pools Most businesses buy policies through
: Major players include Travelers (the largest U.S. underwriter), The Hartford, and Allstate .
Depending on where your business is located, you might use a state fund:
: In North Dakota , Ohio , Washington , and Wyoming , you must buy insurance through the state-operated fund. Private insurance is not allowed.