Nevada requires almost every private employer to have and maintain workers’ compensation insurance.
If you or an employee is injured on the job, a workers’ comp policy generally can help pay for:
Even if coverage is not required for your employment status, clients might request proof of insurance coverage before signing a contract to work with you, so it can be a good idea to be prepared.
When you purchase a workers’ comp policy in Nevada, you and your employees could be covered for the cost of work-related injuries and illness.
Employers who carry workers’ comp could be more protected in Nevada because employees cannot claim additional damages if they were properly covered at the time of their workplace injury.
In Nevada, workers’ compensation requirements provide benefits, such as:
For example: If you own a business fixing slot machines and one of your employees breaks a finger at work, workers’ compensation insurance could help pay for the emergency room, x-rays and casting up to the policy limit.
Workers’ compensation benefit payments are set by the state government in Nevada. Four benefit types include:
Temporary total disability, which is paid to workers who need to take more than five days off due to a work-related injury. Benefits are up to two-thirds of their average monthly wage and capped annually.
Temporary partial disability can cover employees who are able to work in a lesser capacity due to injury. Benefits are calculated by the difference between post-injury wages and the temporary total disability rate.
Permanent partial disability is assessed when the injured worker can work with permanent limitations. Employees are given an impairment rating based on the American Medical Association’s Guides to the Evaluation of Permanent Impairment. Monthly compensation is based on their monthly salary until the age of 70.
Permanent total disability means the injured person can no longer work. Payments of up to two-thirds of their monthly salary are made for life.
In the event of an employee’s death, their spouse, children or other dependents can receive death benefits and funeral expenses. A worker’s family members can receive up to $10,000 in funeral and burial expenses.
Workers’ compensation costs vary across industries. Factors that influence price include:
The best way to determine the insurance rate for your business is to get a free instant quote from NEXT.
There are very few exemptions for Nevada workers’ comp requirements. They usually involve temporary or short-term work, including:
NEXT strives to resolve every claim quickly. Learn more about our claims process and how our claims advocates will work with you after an employee injury.
Start a free instant quote with NEXT.
General liability insurance protects your business from common mistakes or accidents, such as customer injury or damages to someone’s property.
In Nevada, all business-owned vehicles must be covered by commercial auto insurance. If you drive or use your personal vehicle for work, commercial auto insurance helps protect your business from accidents.
Commercial property insurance can provide financial help if your business structures, goods, gear or inventory are damaged or destroyed by a covered event.
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