In Nebraska, if you have at least one employee, you are required by law to have workers’ compensation insurance. Sole proprietors with no employees have the option of insuring themselves, but it is not always necessary to do so. Workers’ compensation is designed to prevent workplace injuries from creating a financial burden for employees as well as employers. In Nebraska, this coverage can be purchased through a commercial provider or, if approved, your company may choose to self-insure.
Workers compensation rates in Nebraska run about 4% lower than the national average. In this state, rates for each type of job and industry are set by the Nebraska Department of Insurance and are based on NCCI risk assessments. Although commercial insurance companies must follow the rates set by the state, comparison shopping still has its benefits. Some insurers will offer premium discounts and credits based on safety records, and some may offer benefits such as employee safety training and materials.
I wanted a reliable workers' compensation insurance and went with an independent agent company because it was quicker than just calling around individually. I searched the internet and TrustedChoice came up. The process was a few specific questions and that was it. They got me in touch with a few companies to choose from instantly. I’d recommend TrustedChoice.Matthew of Omaha, NE Consumer Affairs
Workplace injuries can be expensive for employers and employees alike. The cost of medical treatment, particularly if an overnight stay in the hospital is necessary, can be thousands of dollars. An employee who is left unable to work for an extended period can face major income losses. If an accident becomes fatal, the financial burden can be devastating for dependents. Workers' compensation insurance is designed to protect against these losses. In Nebraska, your policy can cover the following:
There are currently 294 independent insurance agents in Nebraska who can help you find the best workers’ compensation insurance policy to cover your company. Your agent can save you time and money by working with several different insurance providers to help you find a policy that is well-suited to your particular business. Talk to an agent near you to start comparing customized workers’ compensation insurance quotes.