Workers Compensation Insurance
Save up to 25% on your business insurance. Get a quote and get covered online in minutes.
Small Business Insurance Experts
SWIFT SBF has over 200,000 satisfied customers and focuses exclusively on small businesses. Why is SWIFT SBF the business insurance company so many organizations rely on? There are many reasons.
Save Time
Get a quote entirely online or speak with one of our insurance experts right away for help getting a quote, buying a policy, or answering any questions you may have.
Save Money
We insure your small business directly, without a middleman or insurance broker, so we pass that savings along to you - up to 25% less than policies with other insurance companies.
Experienced
We're part of the largest Insurance Groups with millions of satisfied customers, more than 75 years of insurance experience.
Save up to 25% on Workers’ compensation Insurance
We offer top-rated insurance products at prices up to 20% less than the competition. We also offer fast-and-easy claims and unrivaled customer service. You can call and speak with a small business insurance expert, or you can do everything—including purchasing a plan and submitting claims—entirely online. Our processes are all designed with efficiency in mind so you can spend less time dealing with insurance and more time focused on your business.
What is Workers’ Compensation Insurance?
Workers’ compensation insurance—commonly called “workers’ comp” or “workman’s comp”—is an often-mandatory type of insurance that protects both your employees and your company if an employee experiences an injury or disease while at work, including strains, trip and falls, or accidental death.
Fewer Out -of-Pocket Business Expenses
With workers’ comp insurance from SWIFT SBF, you’re shielded from the high costs of workplace injuries.
Protection From Lawsuits
Workers’ compensation insurance includes employer liability, which protects your business if an employee should sue.
Compliance With State Laws
Workers’ comp insurance helps companies avoid fines and penalties charged by the state for not having proper insurance. For example, in California your fine can be up to $100,000.
Policy Cost
Determining the Cost of Workers' Compensation
The average cost of workers’ compensation insurance per $100 in wages ranges from $.75 in Texas to $2.74 in Alaska. Workman’s comp insurance premiums are calculated based on the gross annual payroll you pay to employees. The more payroll expenses you have, the higher your workers’ comp insurance premiums. Workers’ comp insurance premiums are also influenced by: claims history, the requirements of your employees’ roles, the type of business you’re in, and state laws.
How do I Save Money on My Policy?
Our direct-to-you model allows us to provide insurance up to 20% less than other companies.
Understand Who Needs to be Covered
Many states require coverage for employees, but not for business owners.
Review Your Coverage Annually
Periodically ensure your coverage is up-to-date with your business. For example, if you have expanded to a new state, prices and policy requirements may be different there.
Manage Your Risks
Create a safe working environment and also facilitate safety and employee training. Your claims history can affect pricing, so a safe business means paying less money over time. Check out SWIFT SBF to learn more.
Add a Small Deductible
You will be billed for the deductible amount for each claim and non-payment will cancel the policy. Only available in some states.