How does workers' comp work in Nevada?

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 2022, the average workers' comp rates in Nevada are 21 percent cheaper than the rest of the country. Rates are low in Nevada because of the large number of insurance carriers who offer coverage in the state. This competition helps keeps rates low.

At Workers Compensation, we currently work with more than 35 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.

Workers' Comp Rules & Information for Nevada

Nevada Department of Business and Industry

Division of Industrial Relations
Division Headquarters
400 West King Street, Suite 400
Carson City, Nevada 89703

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 work comp 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 2001 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.

Nevada Insurance Directives Regarding Covid-19

NV “encourages” insurers to provide relief to policyholders affected by COVID-19 by: 1) extend grace period before cancellation; 2) provide premium due date flexibility; 3) waive late fees and penalties; 4) premium payment plans; 5) only cancel/nonrenew if all other efforts exhausted. NV also supports the following claims handling measures: 1) virtual property inspections; 2) use of electronic means for inspections/audits; 3) increased use of electronic delivery methods for consumer notifications/interactions.

Discretionary order in effect from 03/30/2020 - further notice.

State Orders Regarding Insurance Claims Related to Coronavirus

No current state orders.

Specialized Programs for Select Industries

We work with our national insurance partners to develop targeted programs with easier underwriting requirements and lower rates. We offer a broad range of business class codes that help streamline the quote process so you get the lowest price for coverage.

Knowing the Nevada workers comp requirements can help lower the cost of coverage.

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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 help your business navigate workers' comp insurance in Nevada.

Experienced Experts

From ownership rules, class code reviews, to managing audits & claims, we've got your business covered.

Fast Quotes

Our technology matches your business with insurance companies most likely to offer the best deals.

Strong Relationship

We leverage our experience and relationships to negotiate your lowest workers' comp rates.

More Options

No carrier quotes every class code. That's why we've built a diverse group of great insurance companies.

Workers' Comp Includes Employers Liability Insurance?

Employers liability insurance is an additional layer of coverage included as part of a workers' compensation insurance policy. Employers Liability is known as Part 2 of the policy. It adds two additional coverages for employers:

Employers Legal Liability and Legal Defense Costs

In today's world, there are a variety of reasons employees and third-parties sue employers for damages. Here a some common types covered by employers liability insurance:

Third Party Lawsuits

Your employee sues another party that may have contributed to the injury, In turn, the third party sues your business.

Consequential Bodily Injury

Another party or individual is injured while providing care for the injured employee.

Dual Capacity Legal Action

An employee files a claim but also attempts to sue the employer for being responsible in other ways outside of the employment relationship.

Loss of Consortium

A spouse sues for damages caused by the loss of companionship or relations.

Employers Liability coverage is not included with coverage in the four monopolistic states. Employers in these states can endorse this coverage onto their General Liability policy. That coverage is commonly known as Stop Gap Coverage.

Workers' Comp Covers NV Employers from Injury Related Expenses & Lawsuits
Employers liability insurance is included under a workers' comp policy in most states.
  • Employers liability coverage is not included in all monopolistic states.
  • All NCCI and most other states' coverage includes employers liability 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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