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Is Workers' Comp Required in Minnesota

Minnesota Workers Compensation 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.

Workers' Comp Exemptions in Minnesota

    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).

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How is Workers Comp Calculated?

Workers' compensation is a commercial insurance product categorized as Property & Casualty insurance (P&C Insurance). Even though workers comp is calculated using estimated payroll wages and class codes, premium is still a separate business expense from the cost of payroll. Business owners may treat the cost of coverage as an expense on their taxes.

Work comp rates for all job classification codes are always expressed as a percentage of $100 in wages. An annual policy is always subject to an audit because it was based on estimated wages and not actual wages.

Here is an example using two class codes with different estimated payroll for each class code:

Class Code Insurance Companies Rate Per $100 Estimated Annual Payroll Divide Payroll by 100
8810 Clerical $0.28 base manual rate $25,000  (25000 divided by 100) 250
8835 Home Health Care $1.75 base manual rate $100,000  (100000 divided by 100) 1000

In order to calculate the cost of the policy you only need to multiply each rate with its divided payroll. It benefits employers to re-calculate their premium as their payroll becomes larger than originally anticipated.

Class Code Workers Comp Calculator Estimated Premium
8810 Clerical $0.28 X 250 $70.00
8835 Home Health Care $1.75 X 1000 $1,750.00
Workers' Compensation Laws Vary by State

Every state has their own rules for how employees must be covered and how they must be classified for rating premium. 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 Insurance Fund, 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 previous insurance 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 workers compensation programs that reduce or eliminate premium deposits and allow Minnesota employers to report and pay premium based on actual payroll wages. Protect your business from audits.

Lower Monthly Payments

We've negotiated special deals with many of our insurance partners. We 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.

Minnesota Workers Compensation Insurance Quotes

MN Workers' Comp Specialists

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.

Help with MN 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.

Fast 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.

Compare Rates With More 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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