7 Best Workers Compensation Insurance Companies for Small Businesses 2025

Workers compensation insurance helps pay for injured workers’ health care costs if they experience work-related injuries or illnesses. It also protects your company legally in the event of an workplace injury, which makes workers compensation insurance both a legal requirement in most states and a financially safe move for business owners.

Looking for the right workers comp coverage? Here are our picks for the best workers compensation providers for small businesses.

Want to bundle your business insurance instead of juggling multiple insurance providers? The Hartford is a good pick. As a company focused on small businesses, the Hartford’s packages include general liability insurance, business income insurance, and workers compensation insurance, and each package is easy to assemble and customize. The Hartford also provides the following perks:

• Network of over 1 million US health care providers
• Network of 65,000+ pharmacies across the US
• Pay-as-you-go payment options

If you value customer service, put Tivly at the top of your list. The company has 20 years of experience in the industry and also scored a solid A from the Better Business Bureau. 

Tivly is a business insurance marketplace with over 200 providers in network. Out of this pool of providers, Tivly matches small business owners with a provider that fits their needs. Tivly's perks include: 

• Coverage in all 50 states
• Open from 8-8 EST Monday-Saturday
• Marketplace of over 200 providers in network

Hiscox was the first insurance company in the United States to offer online workers compensation insurance specifically for small businesses. The Atlanta-based insurance seller claims to service over 400,000 small-business clients. Plus, it also offers many other insurance types, such as cybersecurity and general liability insurance plans, that are tailored to small businesses.

Hiscox’s main selling points for business owners include the following:

• Small-business-only focus
• Monthly payment options with no added fees
• Customizable bundles with general liability and professional liability insurance

Travelers is the biggest underwriter of workers compensation in the United States. With more than 2,000 workers compensation claim professionals who can walk you through the entire claims process, Travelers also has a solid focus on customer experience and customized insurance solutions. Other Travelers advantages include the following:

• 500-plus in-house nurses and medical professionals
• Pay-as-you-go options and payroll integration

This Swiss-based international carrier has more than a century of insurance experience. Zurich business insurance includes access to risk-management services that help you keep your workers safe and your premiums low. Features include the following:

• Global coverage
• Risk Engineering team to evaluate and reduce workplace danger
• Civil suit assistance

If none of our five favorite workers compensation companies meet your business’s needs, one of these providers could offer the insurance coverage you’re looking for.

Berkshire Hathaway, one of the best-known names in the insurance world, is biBERK’S parent company. However, biBERK focuses specifically on small businesses. The company doesn't rely on outside insurance agents to find you the right workers compensation benefits. Instead, biBERK is a direct insurance carrier, which usually means you can get a faster quote (potentially at a better rate). Along with being a direct insurer, biBERK also offers these key benefits:

• Availability in all states where private insurers compete
• Loss control, safety training, and fraud identification

Chubb workers comp insurance includes two impressive programs to help your business and your employees. The return-to-work program helps injured employees get back on the job quickly and safely, while the pharmacy benefit management program helps keep drug costs low. Other Chubb benefits include the following:

• Special investigations unit for fraud detection
• Medical and pharmacy benefit management program
• Return-to-work program for quick employee recovery

It’s not uncommon to hear people sometimes grumble about their boss, a busy workday, or how stressed they are, but how many of us can really complain about how physically dangerous it is to go to work? You might be surprised.

According to the U.S. Bureau of Labor Statistics, more than 5,000 people suffer fatal work injuries every year.⁵ There were even more workplace injuries that weren’t fatal, but still serious enough to land someone in the hospital.

This means that in addition to all the other choices business owners need to make, they also need to decide how much workers compensation insurance coverage they need—all while creating a safe work environment. What’s more, the stress of working in a dangerous environment can have long-term negative effects on employees who might not want to commit life and limb to the job.

It should be no surprise that some states are more dangerous than others. But if you’re thinking this applies only to highly populated states like California or New York, you might be surprised by what Business.org considers the 10 most dangerous states to work.

We also discovered the 10 safest states to work. The big surprise for us was that Connecticut, nicknamed “The Insurance Capital of the World,” ironically ranks only seventh on our list of safest states to work. And at number one? The Granite State. Way to go, New Hampshire.

Our data is from the U.S. Bureau of Labor Statistics—and we pulled their most recent data. We looked at the number of fatal workplace injuries per 100,000 residents who are 18 and older with a lower value positively impacting the score. We also factored in the percent of change from 2016 to 2017 with a lower value positively impacting the score.

Each measurement was normalized on a scale from 0 to 1, with 1 indicating a positive score and 0 negatively impacting the final score.

Business owners face a lot of challenges when building a successful and thriving business. Creating a safe workplace is one of those considerations that just can’t be ignored. Fortunately, as a business owner, you can impact the safety of the workplace, even if you do business in one of the dangerous states on our list.

The right workers compensation insurance policy will give you—and your employees—peace of mind, ensuring business operations go smoothly and you and your employees get help when you need it.

Looking for more than just workers compensation insurance? Look at our picks for the best general liability insurance companies. You may be able to save money by bundling both types of insurance into one comprehensive package.

We looked at 30 of the biggest and most promising small-business insurance carriers and spent over 60 hours researching the details of their workers comp policies. The companies that made it to the top of our list had the best combination of coverage options, competitive rates, and full-service features.

Disclaimer

At Business.org, our research is meant to offer general product and service recommendations. We don't guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.