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MT Workers Comp Information

Get state information and resources for Montana workers compensation insurance.

In Montana, rates for workers compensation coverage are more expensive than the national average. As of 2014, the rates were 19 percent higher than the rest of the country. A main reason for these higher rates is the lack of competition in the market place.

Montana uses a state fund as the assigned risk provider. This is set up for businesses who cannot find coverage on the open market. Rates in the assigned risk pool are typically higher than rates on the open market. For the most part, states who have their own state fund suffer from higher rates than states who have some sort of partnership with an insurance carrier to be the assigned risk provider.

Montana uses the National Council on Compensation Insurance (NCCI) for determining rates on workers' compensation coverage. NCCI is the nation’s most experienced provider of workers compensation information, tools, and services. It gathers data, analyzes industry trends, and prepares objective insurance rate and loss cost recommendations. NCCI partners with Montana to determines rates on class codes only.

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Montana Department of Labor and Industry

P.O. Box 8011
Helena, MT 59624-8011
Phone: 406-444-6532

MT State Fund Transfers to Commissioner

As of January 1, 2016 Montana transferred oversight of the Montana State Workers' Compensation Fund from the legislature to the State Commissioner of Insurance. This will make 2016 the first year the Montana State Fund will undergo a rate review. Most in the state are hopeful this will bring rates down for those employers in the state fund.

The state fund of Montana writes 60% of all Workers Comp Premium within the state. In 2014 this amounted to $165 million in premium.

Montana State Fund Leaves Legislative Control.

Montana NCCI partnership

Montana uses the National Council on Compensation Insurance (NCCI) for determining rates on workers' compensation coverage. NCCI is the nation’s most experienced provider of workers compensation information, tools, and services. It gathers data, analyzes industry trends, and prepares objective insurance rate and loss cost recommendations. NCCI partners with Montana to determines rates on class codes only.

Montana State Fund

In Montana there is a state fund who is the assigned risk provider. This state fund competes with insurance providers on the open market in an effort to drive down the price of Workers Comp Coverage for employers in the state of Montana. Rates on coverage have fallen dramatically in the past 5 years.

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.

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.

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.

Montana Workers Comp Credits and Discounts

Montana state law allows insurance providers to issue credits and discounts on manual premium rates up to 25%. This means that employers with good claims experience and modifiers may be eligible for a policy credit. Our agents are trained to request maximum credits from our insurance carriers when applicable.





More Programs and Quotes

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.

• Contractors

• Home Healthcare

• Janitorial Services

• Transportation

• Hospitality

• And More

Better programs from your commercial insurance brokers.



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Montana Work Comp Information

More Options and More Quotes

With over 35 top rated insurance carriers to quote your work comp coverage, chances are we've got the lowest rates in the industry. For almost every workers compensation class code in West Virginia we can find the most complete coverage at the lowest rates around. Ask about our exclusive WV programs.

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We take the time to make sure your business and employees are classified correctly and then we get to work finding the lowest rates available for your insurance coverage.

•   National workers comp Specialists

•   Licensed throughout the United States

•   Programs for standard and tough class codes

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Once we've got your best quotes back from our carriers, we take the time to help you understand your options and the next steps to get covered quickly.

•   Pay As You Go insurance coverage

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•   We've helped over 35,000 business owners


Learn more about workers compensation insurance in Montana Work Comp:   Montana | MT Programs| MT Rates | MT Forms | MT Info | MT Quotes
Workers Compensation Agents Get a price comparison.

The cost of workers compensation can vary greatly depending on carrier and the credits applied to the policy. We work with more than 35 nationwide carriers who are hungry to quote your business. Our agents can negotiate better coverage at even lower rates.

For the best quote on your workers comp insurance in Montana, give one of our workers compensation specialists a call at 888-611-7467 or start your quote here online.

Montana Agency License: 737867
National Producer Number: 5064979

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