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Purchasing Workers Comp Insurance in Iowa

Iowa State Coverage Requirements

    In Iowa all employers who employ one or more full or part time workers must carry workers' compensation insurance.

    Sole Proprietors, Partners and LLC Members are excluded from coverage but may elect to be included.

    Corporate Officers are included in coverage, but may elect to be exempt.

    Up to four executive officers, other than a family farm corporation, can elect to be excluded.

2020 Payroll Limits & Owner Exclusion Requirments

    Sole Proprietors, Partners, Corporate Officers and LLC Members if included for coverage must do so at a weekly rate of no less than $450 ($23,400 Annual) and no more than $3,500 ($182,000 Annual).

Workers' Comp Insurance Varies by State- Know the Law

Every state has their own rules for how employees must be covered and how they must be classified for rating purposes. A lot of states use state specific class codes and have different requirements for who is obligated to carry workers' compensation insurance coverage.

If you have employees that travel out of state for work, or they work in multiple states throughout the year, you may need to purchase insurance for all the states where your workers are located and working. In most cases, you can add multiple states to one policy.

Workers' Compensation Insurance in Iowa can be purchased from private insurance companies authorized by the state to provide coverage. The Assigned Risk Pool, or State fund coverage, is available for employers who are unable to find coverage from a private company. can help you navigate your best options.

Policy premium is based on numerous factors including: class codes assigned to your business and employees, estimated payroll, covered states, prior policies, owner experience and claims.

Enjoy the benefits of our Pay As You Go Workers' Comp Options in Iowa.

$O Deposit or Minimum Down

We've developed Pay As You Go worker compensation programs that reduce or eliminate premium deposits and allow Iowa employers to report and pay premium based on actual payroll wages. Reduce your audit risk.

Lower Monthly Payments

We've negotiated special terms with many of our insurance partners to offer more flexible payment options like 12 equal installments plans and monthly reporting programs to help improve cash flow for our business owners.

Exclusive Iowa Programs

Companies that fit with one of our national programs typically save 15-20% on their workers compensation policies. We offer over 25 programs designed to get you the best price on coverage with minimum effort on your part.

Quote Iowa Workers Compensation With Us

Iowa Rates

Workers Comp Rates for the state of Iowa are almost exactly the national average. This makes it important for employers take advantage of all deductions, discounts and programs offered for their industries. Agents at Workers Compensation specialize in work comp coverage and have the knowledge to help you find the best coverage no matter what industry you operate.

Need Help With Iowa Class Codes?

Insurance rates vary significantly between NCCI classification codes. Let our Iowa Workers Compensation Specialists help you determine your correct workers compensation class codes before you buy a policy. We'll help make sure your business is properly classified and then we will help you get covered at the best price and lowest rates.

Faster Workers Comp Quotes

We make the process of getting workers compensation quotes fast and easy. We know your time is valuable. That's why we work harder to streamline the quote process, compare your rates and coverages, and present your best options as quickly as possible. We often have your insurance quotes ready in less than 24 hours.

Shop Over 35 Insurance Carriers

We're a National Agency, and we have tons of carriers offering work comp in Iowa. We have access to over 35 insurance companies with a diverse appetite and competitive rates. Our markets know we expect the lowest rates, bigger discounts, and more policy credits when we request a quote.


Did you know that the cost of a workers comp policy in Iowa can vary significantly between insurance company, underwriter, and insurance agency?
Find the best deal on workers compensation insurance.
Visit NCCI for more resources and information about workers' compensation class codes. Visit United States Department of Labor for more information about government agencies managing workers compensation insurance rates.

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