What to Know about Workers’ Compensation Insurance

in Nebraska

Facts about Workers’ Compensation Insurance in Nebraska

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.

More Nebraska workers' compensation insurance facts

  • NE workers average 24,500 job-related injuries a year.
  • Of these, about 6,800 require time off or work restrictions.
  • Approximately 55 NE workers suffer fatal injuries per year.
  • Workers’ comp claims in NE total about $312 million/year.

Cost of Workers’ Compensation Insurance in Nebraska

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.

Average Cost for NE Workers' Compensation Insurance (Per $50,000/yr in Payroll)

cot of workers comp insurance in nebraska chart

Why Choose an Independent Insurance Agent? 

  • Local independent agents have your best interests at heart
  • These agents provide professional, personalized service
  • You can turn to your agent for help if you need to file a claim

Find an Independent Insurance Agent

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.

five stars Matthew of Omaha, NE Consumer Affairs

What Does Your Workers’ Compensation Insurance Policy Cover?

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:

  1. Medical benefits: If an employee is injured or becomes ill on the job, workers' comp will cover the cost of ambulance services, medical treatment, hospital stays, related prescriptions, and necessary medical supplies.  
  2. Temporary disability benefits: If your employee needs time off to recuperate or is temporarily disabled due to a work-related injury, workers' comp will provide compensation of 66-2/3% of their previous wages, at a maximum of $831/week.
  3. Permanent disability benefits: If an injury leaves your employee permanently disabled, workers’ comp can provide a lump-sum payment based on the severity and type of disability your employee has been afflicted with.
  4. Death benefits: In the unfortunate event that a work injury is fatal, workers’ comp can cover funeral and burial costs and can provide compensation to dependents, including the deceased’s spouse and children.
  5. Vocational rehabilitation: Sometimes a work-related injury can leave an employee unable to return to their previous job. Workers' comp will cover the cost of providing that employee with the skills to acquire another job.

Top Insurance Companies that Support Independent Agents in Nebraska

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.

Why go Independent

Why Go Independent when looking for Workers Comp Insurance

  • Expertise in Your Business
  • Multiple Quotes From One Agent
  • Get More Value for Your Money