: Total annual payroll per employee category.
Buying workers' compensation insurance involves navigating state-specific laws, assessing your payroll, and comparing providers. While required in almost every state (except Texas), the process for obtaining it varies based on whether your state uses a private or state-run market. 1. Identify Your State’s Requirements how to buy workers comp insurance
You can buy a policy through several channels, depending on your business size and complexity: : Total annual payroll per employee category
: In states like California, one employee is enough to require coverage. In others, like Mississippi, the requirement may not start until you have five employees. 2. Gather Business Documentation assessing your payroll
: If you've had coverage before, provide your "Experience Modifier" or loss history for the past three years. 3. Choose a Purchasing Method
: If you are in Ohio, North Dakota, Washington, or Wyoming , you must buy insurance directly through the state's government-operated fund.