If you have employees, most states require you to carry Workers’ Comp. And landlords, vendors and other partners may require you to carry it before they’ll enter into a contract with you.
- EXPERIENCE50 years
Shopping for affordable Workers' Comp?
Workers' Compensation provides lost wages and medical benefits to your employees when they're injured on the job ... and shields you from employee lawsuits. (Good thing, right?)
- Most state laws require you to carry it if you have employees
- Many contracts you'll sign with partners and vendors require it too
Despite your best intentions, workplace accidents happen! With Workers’ Comp, the accident or injury is considered “No Fault”: insurance benefits are the exclusive remedy. So you can keep your business ... and your shirt!
Mylo's licensed advisors help you compare a wide range of affordable policies from top providers – and make the best decision for your business.
Want to learn more about your industry first? We're on it.
Fast facts about Workers' Comp:
Your business's activity is assigned a rate that reflects its level of risk. Your premium is determined by a formula that includes this rate, your total payroll costs and your past Workers' Comp claims history.
Unfortunately, there are a few situations where you can be sued. The good news: these are rare – and you can head them off with Employers' Liability coverage (often included in Workers' Comp already).
Workers' Comp: What's in it for me?
If you’re starting a business and plan to hire employees (that makes you one of our favorite people, by the way), you’ll need to carry Workers’ Compensation. Most state laws require it and so do many contracts you’ll sign with partners and vendors. But on top of that … it’s really good for you.Read More
Top 3 reasons to choose Mylo
We're part of Lockton, the world’s largest independent insurance broker, connecting people to top-rated plans for 50+ years. We're pros at knowing what your business needs.
Our friendly licensed agents screen top-rated plans from the most trusted providers around – and guide you to the best combo of comprehensive coverage and affordable price.
You save serious time and effort by comparing a wide range of plans tailored to you in one convenient place. Call us to see how surprisingly easy it can be!
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