NV Workers Comp Information

Get the latest news and information about Nevada workers compensation regulations.

The Nevada workers compensation market is much more stable today than it was a decade ago. Nevada operated as a monopolistic state until January 2000. NV is now an NCCI state under the jurisdiction of the National Council on Compensation insurance. NCCI now manages rate filings, issues experience modifiers, collects data, and manages the Nevada State Fund. When Nevada changed in 2000 it had much higher rates and the fund was on the brink of failure. Now Nevada enjoys some of the cheapest rates in the country.

As of 2014 rates in Nevada were 32 percent cheaper than the rest of the country. Rates are low in Nevada because of the number of insurance carriers who provide in the state. This competition for coverage keeps rates low.

At Workers Compensation Shop.com, we currently work with more than 20 of the best insurance carriers just in the state of Nevada. Because we work with so many carriers, we are able to help you find the best rates in the industry. Call today to speak with one of our experts about how we can help your business 888-611-7467.

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About Workers Compensation in Nevada

Nevada Department of Business and Industry

Division of Industrial Relations
Division Headquarters
400 West King Street, Suite 400
Carson City, Nevada 89703
775-684-7260

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.

National Council on Compensation Insurance (NCCI)

Nevada is an NCCI state. This means the National Council on Compensation Insurance sets the rates for the states workers compensation coverage. Carriers are still allowed to discount rates and offer rebates. These discounts are very different based upon carrier and business classification code.

Nevada market more stable today.

The Nevada workers compensation market is much more stable today than it was a decade ago. Nevada operated as a monopolistic state up until January of 2000 when it was on the brink of state-wide failure. Nevada is now an NCCI state under the jurisdiction of the National Council on Compensation insurance. NCCI now manages rate filings, issues experience modifiers, collects data, and manages the Nevada State Fund.

More Programs and Options

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
Nevada Work Comp Info

Nevada Compliance Laws

Employers who fail to purchase workers' compensation in Nevada may be subject to fines up to $15,000. The Nevada Insurance Division may also close the business and hold the employer liable for all costs associated with any employee injured while no insurance was in place.

Let Workers Compensation Shop.com help your business navigate workers comp insurance in Nevada.

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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.
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COMPARE QUOTES FROM MORE THAN 35 CARRIERS
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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.
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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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