Workers' Compensation Insurance Stats
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 Missouri
In Missouri, workers' compensation insurance is required for all business owners with five or more employees. If you have under five workers employed, then you're not legally mandated to carry coverage but you still may want to. If an employee sustains injury or illness due to a workplace accident then your operation may be financially liable. To avoid financial losses, proper protection is useful.
Common Workers' Compensation Claims in Missouri
The Top 5 industries with the most fatal occupational injuries, in order:
- Construction
- Transportation and warehousing
- Manufacturing
- Crop farming
- Landscaping
The Top 7 most reported fatal injuries are, in order:
- Violence and other injuries by persons or animals
- Transportation incidents
- Fires or explosions
- Falls, slips, trips
- Exposure to harmful substances or environments
- Contact with objects and equipment
- Overexertion and bodily reaction
Most workers' compensation losses don't result death, but some may. According to statistical data, 105 workers' compensation incidents turned fatal in Missouri in one recent year. Your business's workers' compensation policy will help pay for funeral expenses in the event of a loss.
FAQ: Workers' Compensation Insurance in Missouri
Missouri workers' compensation insurance helps protect your business from damages and lawsuits associated with an injured or ill employee. Some items this policy will cover per claim are as follows:
- Employee medical expenses
- Employee lost wages
- Employee funeral costs
The cost of Missouri workers' compensation insurance will vary depending on your unique risk factors. Rates are set within a range per job type and severity of exposure. Below are some current Missouri workers' compensation rates, per $100 of employer payroll:
| Industry | Low Cost | High Cost |
| Machine Shop | $2.80 | $6.79 |
| Garage Door Installation | $3.20 | $7.77 |
| Salvage Yard-Automobile Recycling | $4.46 | $10.82 |
| Masonry Construction | $5.46 | $13.25 |
| Mobile Food Truck-Food Cart | $0.91 | $2.21 |
Yes. When you have five or more employees in Missouri, you are required to carry at least the minimum limits of liability under your workers' compensation policy. You may opt for higher limits per your request, and most businesses do for proper protection. If you're found without coverage, you could face serious fines.
There are numerous incidents your Missouri workers' compensation policy will insure. Here are the most commonly classified occurrences that are covered under your policy:
- Traumatic injuries
- Repetitive injuries
- Some mental or cognitive injuries
- Occupational associated illnesses/diseases
As with any policy you own, exclusions will apply. Under your Missouri workers' compensation insurance, the following instances are not covered:
- 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
In Missouri, you may be asked to provide proof of insurance to obtain a contract or work on a job site. This is known as a certificate of insurance, and it has your workers' compensation and other business policy limits listed, along with expiration dates and an agent signature. You can get a certificate from your local agent for free. Check out who may request evidence of insurance below:
- An individual you are doing work for or with
- A business you're doing work for or with
- A government you are doing work for or with
- Anyone you are doing work for or with
Consider using an independent agent when you're searching for the most competitive pricing with superior coverage for your workers' compensation insurance. Here are the top reasons you'd want to work with a Missouri independent insurance agent:
- They do the quoting for free
- They work with dozens of local carriers
- They work on your behalf with your best interests in mind
- They can remarket your business policies at renewal time
No. In Missouri, if you have to file a claim on your workers' compensation policy for an employee, those benefits that they receive are counted as taxable income. Always consult with your tax accountant for specifics concerning your operation.
What Are the Best Workers' Compensation Companies in Missouri?
| Top Workers' Compensation Insurance Companies | Star Rating |
| ICW Group |  |
| Nationwide |  |
| Liberty Mutual | |
| Builders & Tradesmen's Insurance | |
| Travelers | |