AK Workers Comp Information
Find the latest news and information about Alaska workers compensation insurance.
Alaska has some of the most expensive workers compensation rates in the country. As of 2014, on average employers pay 45 percent more than the national average. This is down 15 percent since 2012. This ranks Alaska as the 5th most expensive state in the country to purchase workers' compensation insurance.
Alaska is a partner of the National Council on Compensation Insurance (NCCI). NCCI gathers data, analyzes industry trends, and prepares objective insurance rate and loss cost recommendations. It is the nation’s most experienced provider of workers compensation information, tools, and services. Alaska authorizes NCCI to determine rates on workers' compensation coverage and to be the assigned risk provider for the state fund.
Alaska also has a state fisherman's fund. This is separate from the Workers' Compensation Division and is designed to help fishermen who have been injured while fishing on or off shore in Alaska. The fund is financed from commercial fisherman's license and permit fees. The Commissioner of Labor and Workforce Development oversees administration of the program with the assistance of the Fishermen’s Fund Advisory and Appeals Council.
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About Workers Compensation in Alaska
Alaska Division of Workers' Compensation
Post Office Box 25512
Juneau, Alaska 99802-5512
What is Workers' Compensation?
The basic purpose of the Workers’ Compensation is to provide wage replacement benefits and medical treatment for employees who have been injured or become ill due to a work-related injury or illness. It prevents the employer from bearing the costs of injuries that occur during normal business operations.
Alaska Fisherman's Fund
Established in 1951, the Fishermen's Fund provides for the treatment and care of Alaska licensed commercial fishermen who have been injured while fishing on shore or off shore in Alaska. The fund is financed from commercial fisherman's license and permit fees. The Commissioner of Labor and Workforce Development oversees administration of the program with the assistance of the Fishermen’s Fund Advisory and Appeals Council.
How does workers comp help my business?
Your business benefits from workers' compensation coverage, by not being liable for injuries that occur as a part of normal business operations. This applies whether the injury was the fault of the business or was caused by negligent actions of the employee. You can move forward with your business operations knowing that if one of your employees is injured because of something that happens as a normal part of your business operations, your business is not liable for the costs.
Alaska is an NCCI State
Alaska partners with the National Council on Compensation Insurance (NCCI). NCCI gathers data, analyzes industry trends, and prepares objective insurance rate and loss cost recommendations. NCCI is the nation’s most experienced provider of workers compensation information, tools, and services. Alaska uses NCCI to determine rates on workers' compensation coverage and to administer the assigned risk for the state.
Alaska Second Injury Fund
Alaska Department of Insurance and the AK Department of Labor and Workforce Development require insurance companies to collect and remit Second Injury Fund based on premium. The Fund helps pay claims for employees injured while working for an uninsured employer.
How does workers comp help my employee?
Employees benefit from workers comp coverage by having lost wages covered while they are hurt or sick and not able to work. It also pays for medical costs they might incur as a result of the sickness or injury.
More Programs and Options
We're always working with our insurance carriers to develop specialized programs for a broad range of industry class codes. Our Target Programs are designed to streamline the underwriting process and help ensure we offer the lowest rates available anywhere.
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Workers Compensation Help?
- What is Workers Compensation?
- The Basics of Workers Comp
- Workers Compensation Q and A?
- Insurance Laws for Work Comp
- Managing Policy Claims
- Getting Work Comp Benefits
- NCCI Classification Codes
- Experience Modifiers and Ratings
- State Fund Coverage
- Workers Compensation Forms
- Handling Workers Comp Audits
- Understanding an Employer Liability Policy
- Excluding Owners and Officers
- Other States Coverage
Alaska Work Comp Information
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We make it easier to buy affordable Alaska workers compensation insurance. We partner with more than a dozen insurance carriers and are able to shop your policy around. This allows our agents to find better coverage and deeper discounts for your business.
We've already helped hundreds of Alaska employers purchase workers comp coverage, making us your best choice for a workers compensation quote.
Let Workers Compensation Shop.com help your business navigate workers comp insurance in Alaska.
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