National Average Cost of Workers' Compensation Insurance

Healthcare $1,825 Per $100,000 payroll

Retail Trade $2,850 Per $100,000 payroll

Construction $7,430 Per $100,000 payroll

Workers' Compensation Insurance Laws in Alaska

Each state has laws concerning workers' compensation insurance. In Alaska, you're required to carry the state minimum coverage limits or more. This applies to all business owners who employ any number of employees. Not having the right coverage can result in fines or worse. 

Common Workers' Compensation Claims in Alaska

The Top 5 industries with the most fatal occupational injuries, in order:

  1. Construction
  2. Transportation and warehousing
  3. Manufacturing
  4. Crop farming
  5. Landscaping

The Top 7 most reported injuries are, in order:

  1. Violence and other injuries by persons or animals
  2. Transportation incidents
  3. Fires
  4. Falls, slips, trips
  5. Exposure to harmful substances or environments
  6. Contact with objects and equipment
  7. Overexertion and bodily reaction

In Alaska, 31 workers' compensation claims turned fatal in one recent year.

FAQ: Workers' Compensation Insurance in Alaska

Workers' compensation insurance in Alaska is used to pay for the medical expenses and lost wages of your employee when they sustain an injury or illness at work. Coverage is required in most states, and Alaska has its own rules and regulations concerning it. 

The cost of your Alaska workers' compensation policy will vary depending on job duties, industry, experience, and loss history. Rates are determined within a range set by each task and how risky it is. Check out some workers' compensation rates per industry below, per $100 of employer payroll:

IndustryLow CostHigh Cost
Nursing Homes and Assisted Living Facilities$1.84$2.68
Animal Shelters and Kennels-Veterinarian$1.44$2.10
Medical Office-Doctor-Dentist-Chiropractor, Optometrist$0.42$0.61
Home Healthcare Workers$2.08$3.03
Group Homes-Temporary Shelters-Disability Facility$2.12$3.09

Workers' compensation is required in Alaska for all business owners with one or more employees. You'll be mandated to carry coverage at the state minimum limits.

Alaska workers' compensation insurance covers claims specific to an employee getting injured or ill as a result of doing their job. These include the following: 

  • Traumatic injuries
  • Repetitive injuries
  • Some mental or cognitive injuries
  • Occupational illnesses/diseases

Exclusions apply to every policy your business obtains. In Alaska, your workers' compensation insurance won't cover instances such as:

  • Intentional injuries or illnesses.
  • Injuries or illnesses sustained outside of work.
  • Injuries or illnesses sustained while committing a crime.
  • Injuries or illnesses sustained under the influence of drugs or alcohol.

If you need to provide proof of insurance to do work for another individual, company, or municipality, you're likely to need a certificate of insurance. A certificate shows your current workers' compensation limits and the expiration dates of each policy. You can obtain a certificate of insurance from your licensed insurance agent.

Consider working with a professional if you're looking for the most competitive pricing and top-rated carrier options when shopping for your workers' compensation insurance. An independent insurance agent does the comparing for free and finds you the best rates with exceptional insurance companies. 

No. In Alaska, workers' compensation claim benefits are not considered taxable income in most cases. 

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