Best Workers Comp Insurance Companies

A guide to who offers the best workers' comp coverage for your industry.

Engineer walking on the steel bridge cross over at workplace. Find Best Companies Workers' Compensation.

You need workers' compensation insurance, but how do you know which insurance companies offers the best coverage for your business and where to find them? These questions can be complex and aren't necessarily simple to answer. 

Fortunately, an independent insurance agent can be a great ally on your search for the right coverage. But for now, here's our ranking of some of the best workers' comp insurance companies on the market today, and why. 

What Is Workers' Compensation Insurance?

Workers' compensation insurance is coverage needed by an employer to pay for medical expenses of employees who get injured or ill while working, or otherwise due to job-related activities. Most states make coverage mandatory if a business has a certain number of employees.

Workers' comp not only provides protection for employees on the job, but for the employer, too. If a business covers their workers with a workers' comp policy, their employees automatically forfeit the right to sue the business for a work-related incident in exchange for these benefits.

What Are Some of the Best Workers' Compensation Companies?

Knowing which company provides the best workers' comp coverage for your industry can be daunting, but an independent insurance agent can help guide you. For now, here's a guide to some of our most highly recommended workers' comp companies. 

Workers' Compensation Insurance Company Why They're the Best
The Hartford The Hartford has proven to be one of the best overall commercial carriers for small to medium-sized businesses. With a comprehensive coverage offering and low premiums, they're a real winner.
Travelers Travelers also provides great small to medium-sized business accommodations and has a more conservative appetite when it comes to risk. 
Liberty Mutual Liberty Mutual focuses on small business owners and is ideal for franchised restaurant owners.
Zurich North America Zurich North America is great for growing businesses with national exposure and focuses on the construction industry.
Berkshire Hathaway GUARD Berkshire Hathaway GUARD accommodates small to medium-sized business owners. The carrier requires other lines of business in order to write workers' comp, but they have some of the best rates and an emphasis on coverage for restaurants.
EMPLOYERS EMPLOYERS focuses on businesses with fluctuating or seasonal employment needs like retail and restaurants.
AIG AIG places an emphasis on high-claim industries concerned about workers’ compensation fraud from construction to healthcare.
AP Intego AP Intego is ideal for the business owner who wants to pay as they go for workers' compensation insurance.
State Workers' Compensation Pool Most states have a workers' compensation pool. New business owners or business owners who have been ousted by their current workers' compensation providers can turn to the state and expect to pay much higher premiums. 
ICW Group Insurance Companies ICW Group is full service carrier that aims to help businesses file fewer workers' comp claims, as well as achieve less costly claims and lower experience mods.
Encova Encova offers workers' comp for businesses of any size and works with your business to help prevent claims before they occur, as well as to reduce the cost of these claims.
Central Insurance Companies Not only does Central Insurance Companies provide quality workers' comp coverage, they also provide a 24/7 nurse hotline for injured workers to file their claims and speak to a registered nurse who can help point them to the right care.
State Auto State Auto provides coverage for small businesses and middle market accounts and offers a solution for employers that have experience modifications who have experienced lost time due to claims of soft tissue injuries.
The Hanover Insurance Group The Hanover Insurance Group offers 24/7 claims reporting and offers bundling discounts when you combine workers' comp with any other policy through the carrier. Hanover customers also have access to a 24/7 phone nurse service for expert advice on their injury or illness.
Nationwide Nationwide works with businesses to find them the right type of coverage for their industry at an affordable rate while offering excellent customer service as reviewed by existing policyholders.
Westfield Insurance Westfield Insurance offers several programs to help injured or ill workers recover and get back to work as quickly as possible in addition to offering quality coverage.
EMC Insurance EMC Insurance offers loss control solutions and medical management services to help your company prevent incidents before they happen, and help any injured or ill employees return to work ASAP. Their early return to work programs can help your business save a lot of time and money.
West Bend West Bend offers a qualified nurse case manager program that aims to reduce the duration of an employee's injury, illness, or disability, as well as its overall cost.

An independent insurance agent can help you find workers' comp coverage from any of the above companies in your area. They'll help you determine which company is the best match for your unique business. 

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Hotels, Construction, and Restaurants

Major industries that require workers' comp are hotels, construction, and restaurants. But due to their high risk level, not all insurance companies offer workers' comp for them. Luckily, there are still many options for workers' comp coverage in these industries.

Workers' comp carriers that accommodate hotels, construction, and restaurants:

  • Berkshire Hathaway GUARD: This carrier focuses on the hospitality industry but also offers coverage for several types of small- to mid-sized businesses. They ensure all buildings are up to code, with sprinkler systems installed to avoid fires. 
  • The Hartford: This carrier accommodates many industries, from construction to restaurants to retail. They're one of the biggest and broadest carriers on the market, and their premiums are very competitive. 
  • Zurich North America: This carrier is known for providing workers' compensation for the construction industry. They have some of the best rates for workers' comp in this industry. Whether you're a general contractor with a crew or working as a subcontractor, Zurich North America is an ideal match.
  • Travelers: Travelers insurance offers workers' comp for many different industries, including restaurants and hotels. 
  • Nationwide: Nationwide also offers workers' comp for a variety of industries like restaurants or food businesses.

An independent insurance agent can help you connect to any of these companies for workers' comp coverage for your hotel, construction business, or restaurant.

The Final Word on Insurance Companies

The best insurance company for your industry's workers' comp coverage today may not be the best insurance company for your business's needs tomorrow. To stay updated on which carriers offer workers' comp for your industry, work with an independent insurance agent.

Why Are Independent Insurance Agents Awesome?

It’s simple. Independent insurance agents simplify the process by shopping and comparing insurance quotes for you. Not only that, but they’ll also cut the jargon and clarify the fine print, so you know exactly what you’re getting.

Independent insurance agents also have access to multiple insurance companies, ultimately finding you the best workers' comp coverage, accessibility, and competitive pricing while working for you.

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