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Most monopolistic workers compensation systems have historically failed and the state has been forced to join NCCI and allow private insurance companies to compete within the state. North Dakota has proven to be an exception to this rule.
According to a recent report released by the Oregon Department of Consumer and Business Services, North Dakota was listed as the lowest rates on workers comp in the country. The report boasts North Dakota rates at 47% of the national median. State rates were a whopping 10% lower than the next two least expensive states,
We help North Dakota employers buy other states coverage since 2004. Shop your out of state workers' comp insurance with us.
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What influences my workers comp insurance cost?
Insurance companies file their "base manual rates" for approval with each state for all class codes. Rate recommendations are generally made to the state and carriers annually by the
National Council on Compensation Insurance.
Employee claims are reported to NCCI and statistically compared with all other
similar type businesses using the same class code in each state. An
Experience Modification Rate may apply to your business after a few years of coverage.
Insurance company underwriters are permitted to make premium rate adjustments based
on unique factors about your business, safety practices, and management
experience in most states.
Insurance companies may apply policy credits and debits to the base
manual rates. Additional discounts can be applied to premium as the total payroll &
Smart Agents with expertise in workers' compensation insurance utilize this information to negotiate your insurance rates with underwriters. A good narrative about your business helps
insurance companies justify a better price.
Rates for State Class Codes. Select Codes Listed:
North Dakota is one of four monopolistic states left in the United States. This means that employers are only allowed to purchase workers' compensation insurance directly from the state. It is not a competitive rating system and NCCI rules and manuals do not apply in North Dakota. We currently can't offer workers compensation coverage in North Dakota. Contact us If your business needs out-of-state workers compensation in order to do business across state lines.
Private workers compensation insurance is not allowed in North Dakota. All in-state policies must be written Workforce Safety and Insurance. We are a national workers compensation insurance firm providing insurance throughout the United States.
State Resources for North Dakota
Workforce Safety & Insurance
1600 East Century Ave Ste 1PO Box 5585Bismarck, MD 58506-5585800-777-5033 WSI
North Dakota Department Of Insurance
600 East Boulevard AvenueBismarck, ND 58505-0320800-247-0560 ND Insurance Department
North Dakota does not utilize the National Council for Compensation Insurance (NCCI). The state maintains its own state fund that provides workers' compensation insurance to all employers in North Dakota.
Our agency helps employers find private insurance and guaranteed state fund workers' comp in states outside of North Dakota when employers need other states coverage or multi-state insurance.
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Get more information about workers' compensation in North Dakota:
Workers Compensation Info
Workers Comp Programs
National Broker Services