Worker’ Compensation Insurance Cost Calculator
Estimate the Workers’ Comp insurance premium for your business.
Learn what your small businesses can expect to pay for a Workers’ Comp policy
Get general information about the cost of workers’ compensation coverage for your industry in your state using NEXT’s workers’ comp calculator.
If you like the workers’ comp premium you see, get a detailed quote to see your actual insurance rate tailored for your business.
Or, learn more about workers’ compensation insurance costs.
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Price calculator
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How to use NEXT’s Workers Compensation cost calculator
- Choose your location. Use the drop-down menu to select the state where your business operates.
- Select the type of work you do. Choose the industry closest match to what your business does.
You’ll see an estimate of what your monthly workers’ comp insurance expenses could be based on similar businesses in your area.
How to get an insurance quote specific to your business
The NEXT workers’ compensation calculator will give you a general idea of the cost of workers’ compensation insurance for your employees and/or yourself. But in just a few minutes you can get a real quote specific to your business needs.
- Click the “Start Detailed Quote” button.
- Answer a few questions about your business. This includes:
- Number of employees
- Your business name and location
- The type of work you do
- Your expected revenue
- Your annual payroll
- See policy limits and what you’ll actually pay for your coverage.
- If you like what you see, buy workers’ comp 100% online.
What do businesses typically pay for Workers’ Comp insurance?
A workers’ comp insurance policy is a type of business insurance. It’s required to help with workplace safety in most states for full-time employees, and in some instances for sole proprietors.
Workers’ comp claims can be filed in the event of a covered workplace injury or illness.
A workers’ compensation premium can cost as little as $14† for some low-risk businesses. And the average cost for workers’ compensation rates for about 60% of NEXT customers is $75 per month or less.**
Several factors that determine how much you’ll pay for workers’ comp include:
- How high you set your limits. If you want more coverage, you’ll usually pay a higher premium.
- Your business operations. Low-risk businesses typically have lower insurance costs. Higher-risk jobs, such as restaurants, have higher premiums because of the potential for injury or property damage.
- Your insurance claims history. If you have previous claims, you might have to pay more for coverage with a new policy.
Learn more about workers’ compensation insurance costs.
How NEXT can help protect your business
NEXT makes it fast, easy and affordable to protect your small business — and you can do it all online.
We’ll ask a few questions about your business and give you a quote. You can select your coverage options and buy your policy in about 10 minutes. Access your certificate of insurance and policies 24/7 via web or mobile app.
If you have questions, our licensed, U.S.-based insurance professionals are available to help.
How much does Workers’ Comp Insurance cost?
Learn about workers’ compensation insurance cost, and get tips to lower your monthly premium.
How Workers’ Comp class codes affect small business insurance
Learn how workers’ compensation codes are assigned to job titles by insurance companies.
Workers’ Compensation laws and insurance rules by state
Know the mandates and requirements to keep your small business in compliance.
** The cost data presented here are based on NEXT active customers in the U.S. who purchased workers' compensation insurance over the previous 12 months. These data should not be considered a substitute for obtaining a quote specific to your business. These data were updated in January 2024.