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Is Workers' Comp Required in Nebraska

Nebraska Workers Compensation Requirements

    All employers who employ one or more employees must carry workers' compensation coverage in the state of Nebraska.

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

    To be included for coverage sole proprietors and partners must file a written election with the insurer for whom workers' compensation is obtained in order to be included in coverage.

    Corporate Officers are included for coverage, but may elect to be exempt if certain requirements are met.

    Corporate Officers who own more than 25 percent of the common stock are not considered employees and do not have to be included for coverage.

    Corporate Officers of a non-profit who are compensated $1,000.00 or less are not considered employees and may be excluded from coverage.

Workers' Comp Exemptions in Nebraska

    Sole Proprietors and Partners who are included for coverage must do so at a payroll rate of $43,200.

    Corporate Officers and LLC Members who are included for coverage must do so at a rate of no less than $850 per week ($44,200 Annual) and no more than $3,300 per week ($171,600 Annual).


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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 Nebraska 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. WorkersCompensationShop.com 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 Nebraska.

$O Deposit or Minimum Down

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

Easier to qualify for Coverage

We offer workers compensation quotes from more than a dozen insurance carriers in NE. This makes us your best option for lower workers compensation rates, and quotes for tougher work comp class codes in Nebraska.

Nebraska Workers Compensation Insurance Quotes

NE Workers' Comp Specialists

Workers' Compensation Rates in Nebraska are slightly less than the national average, but they have risen some in the last five years. As of 2018 rates were 4% lower than the national average, but they have increased 5% since 2016. Don't pay too much for your coverage.

Help with NE Class Codes

Insurance rates vary significantly between NCCI classification codes. Let our NE 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 covered.

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 Nebraska. 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.

THE RIGHT QUOTE MAKES A DIFFERENCE.

A BETTER WAY TO BUY
WORKERS' COMPENSATION INSURANCE
Did you know that the cost of a workers comp policy in Nebraska 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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