Cheap Workers Compensation Insurance Quotes Pennsylvania

The state of Pennsylvania is known as the home of small businesses with over 1 million of them forming the bulk of the state’s economy. These businesses require the need for workers compensation insurance to hedge against financial loss resulting from workplace injuries, illnesses, or deaths to the employees.

As of 2019, the US Bureau of Labor Statistics has reported 4 fatal work injuries in the state. As for the injuries, it was up to 5,333 or by 2% in comparison to the previous year’s numbers. The workers in the transportation industry are at the highest level of risk (accounting for 40% of total workplace deaths). Meanwhile, falls and slips are the leading cause of fatal injury in the workplace. This makes getting workers comp insurance an essential for any business given the risks involved.

Cheap Workers Compensation Insurance

Is workers compensation insurance required in Pennsylvania?

All businesses in Pennsylvania that has more than one employee are required to carry workers compensation insurance coverage. This applies to all employees, whether working part-time or full-time with your business.

The only exceptions to this regulation are those who are domestic workers, federal workers, sole proprietors, general partners, and executive officers.

Coverage of Workers Compensation Insurance in Pennsylvania

Typical workers comp coverage in Pennsylvania will include the following benefits:

  • Medical care and bills
  • Lost income benefits
  • Death benefits

In addition to the above, the coverage will also include the cost of legal fees associated with your business’ liability (in the event of injury or illness).

Getting insurance from top providers are essential in numerous circumstances involving work delivered for your business. For example, if an employee slips and injures himself while doing the job, they can be covered by this policy. At the same time, those who work on desk jobs and suffer from carpal tunnel syndrome can also qualify for this type of coverage.

In addition to the above coverage, your employees can receive total disability payments if their injury has resulted in them being unable to return to work. This will compensate for any lost income as a result of the accident. Even employees with partial disability can get benefits, too, provided that they are unable to work at full capacity.

The cost of the medical care comprises all forms of health care benefits including doctor visits, lab tests, and so on.

Cheap Workers Compensation Insurance

Finding Cheap Workers Compensation Insurance in Pennsylvania

The average cost of workers comp insurance in Pennsylvania is $1.34 for $100 in payroll. Therefore, the actual price of the premium will vary depending on the payroll size. Other factors that can impact your quoted rates include the number of employees and the class code for your business (that will determine how risky your employees’ jobs are).

In an effort to search for affordable insurance coverage, make sure that you comply with the minimum coverage requirements set by the state. At the same time, there should be adequate coverage for your employees given the associated risks of the job and its work environment.

Make sure you get quotes from at least three different insurance providers so you can determine the best deal without compromising on the protection your business can get.

Cheap Workers Compensation Insurance Quotes Near Me

Cheap Workers Compensation Insurance Quotes Pennsylvania

Best Workers Compensation Insurance Companies

State Workers' Insurance Fund

100 Lackawanna Ave # 300, Scranton, PA 18503

(570) 963-4630

Pennsylvania Compensation Rating Bureau

30 S 17th St #1500, Philadelphia, PA 19103

(215) 568-2371

US Workers Compensation

170 S Independence Mall W, Philadelphia, PA 19106

(215) 861-5406

Synergy Comp Insurance Company

30 E State St, Sharon, PA 16146

(724) 704-7060

AmeriHealth Casualty Services

1700 Market St Suite 700, Philadelphia, PA 19103

(215) 587-1901

Associated Specialty Insurance Agency, Inc.

1001 Baltimore Pike Suite 307, Springfield, PA 19064

(866) 679-7457

Calhoon & Kaminsky P.C.

2411 N Front St, Harrisburg, PA 17110

(717) 695-4722

PA Department of Labor & Industry - Bureau of Workers Compensation

1171 S Cameron St, Harrisburg, PA 17104

(717) 783-5421