Searching for the best workers comp insurance for your small business in 2024? Look no further! Aupeo has curated a list of top picks to help you navigate the options hassle-free.
Contents
Our Lists of the Best Workers Comp Insurance for Small Businesses 2024
| Company | Complaint Level for Workers’ Comp Insurance | AM Best Financial Strength Rating | Advisor Rating for Workers’ Compensation Insurance |
| Progressive | Low Complaints | A+ | Not available |
| Travelers | Higher than average | A++ | Above average |
| Hiscox | Low Complaints | A | Best for Small Business |
| biBERK | Information not specified | Part of Berkshire Hathaway Group | Tailored for compliance |
| CoverWallet | Depends on the partner insurer | A (Aon) | Good for micro-businesses |
| Chubb | Some businesses may find coverage too extensive | A++ | Offers comprehensive benefits |
| The Hartford | Issues with Workers Comp and FMLA claims | A+ | Solid for a range of businesses |
| Next Insurance | Limited on medical management details | A- | Best for industries like construction and retail |
| CopperPoint | Information not specified | A+ | Not available |
| Erie | Low Complaints | A+ | Known for exceptional customer service |
| Everest Insurance | Information not specified | A+ | Not available |
| Great American | Low Complaints | A+ | Known for diverse offerings and strong customer service |
Hiscox
Known for its focus on small businesses, particularly in professional services, Hiscox offers basic coverage options like general liability and business owner’s policies.
It is ideal for businesses needing straightforward, basic insurance coverage and allows for online quotes and purchases.
Progressive
Offers a wide range of coverage including workers’ compensation. Progressive is known for its flexibility in coverage and its ability to provide customized quotes that match the specific needs of businesses. They offer both short and long-term disability benefits under their workers’ comp policies.
Travelers
As the largest provider of workers’ compensation insurance in the U.S., Travelers offers extensive risk management resources and tools, such as predictive modeling and fraud detection using AI, which can help businesses manage and reduce risks effectively.
biBERK
A part of Berkshire Hathaway, biBERK simplifies the insurance process with its online platform where small business owners can get quotes, purchase policies, and manage claims. This is suitable for businesses looking for an easy digital experience.
CoverWallet
Provides a digital platform that matches businesses with various insurance providers, allowing for a customized insurance package. It’s especially beneficial for micro-businesses or businesses with very specific insurance needs.
Chubb
Offers robust workers’ compensation insurance with excellent claims services and resources for risk management. Chubb is known for its extensive network of providers and superior customer service, making it a top choice for larger businesses or those needing detailed and comprehensive coverage.
The Hartford
Known for its strong reputation and wide range of business insurance solutions, The Hartford provides detailed resources and excellent services for managing workers’ compensation claims. Their offerings are extensive, making them suitable for diverse business needs.
Next Insurance
Targets small businesses with a focus on digital management of insurance policies. Next Insurance offers an easy online application process, immediate digital certificate access, and is suitable for business owners comfortable with managing their insurance needs online.
Factors to Consider When Choose Workers’ Compensation Insurance
How Does Workers Comp Work?
How Much Is Workers Comp Insurance?
How Is Workers Comp Calculated?
What Does Workers Compensation Cover?
How To File For Workers Compensation?
What Is Workers Compensation Insurance?
What Does NCCI Stand For?
What Does Workers Compensation Not Cover?
Conclusion
Choosing the best workers comp insurance for your small business is vital. For tailored coverage and expert advice, visit Aupeo.com today!
