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Purchasing Workers Comp Insurance in Minnesota

Minnesota Coverage Requirements

    In the state of Minnesota all employers are required to carry Workers' Compensation Insurance.

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

    LLC Members are automatically included in coverage, but they may elect to be excluded. LLC members have some exclusions for managers and members of their family.

    An Executive who owns 25% or more of stock of a closely held corporation is excluded if total hours of payroll is less than 22,880. They may elect to be covered.

    Other exclusions apply to Family Farm Operations, Casual Employees and household workers.

2020 Payroll Limits & Owner Exclusion Requirments

    For Sole Proprietors, Partners, Corporate Officers and LLC Members wishing to be included for coverage, they must be included at an annual wage of no less than $56,004 and no more than $224,016 (As of 1/1/2019).

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 Minnesota 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 Minnesota.

$O Deposit or Minimum Down

We've developed Pay As You Go worker compensation programs that reduce or eliminate premium deposits and allow Minnesota 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.

More Options and More Quotes.

With 35+ carriers to quote your work comp coverage, chances are we've got the lowest rates for your business. We can find the most complete coverage at the lowest rates for most MN industries. Ask about our exclusive programs.

Quote Minnesota Workers Compensation With Us

Minnesota Rates

Workers Comp Rates in Minnesota are competitive with the national averages and they have stayed fairly steady for the past five years. It is still crucial for businesses to shop their Workers Compensation Policy in order to find the most comprehensive coverage and the best rates in the industry. Call today to speak with one of our work comp experts today at 888-611-7467.

Need Help With Minnesota Class Codes?

Insurance rates vary significantly between NCCI classification codes. Let our Minnesota Workers Compensation Specialists help you determine your exact and best workers compensation class codes before you buy a policy. We'll help make sure your business is properly covered and that you find coverage at the very best price.

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 Minnesota. 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 Minnesota 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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