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Most employers are required to purchase workers comp in Pennsylvania if they have any employees at all. Business Entities that operate with no employee are generally able to exclude coverage on themselves.
Sole-Proprietors and Partners are automatically excluded from coverage on a policy. They may elect to be included on a policy.
Corporate Officers are automatically included on coverage, but they may elect to be exempt or excluded.
Limited Liability Company Members are excluded for coverage on a workers compensation policy. Any employees must be covered in the same manner as any other entity type.
Sole-Proprietors and Partners who include themselves on workers compensation coverage must use a minimum payroll amount of $53,300 and a maximum amount of 132,600 for rating their overall workers' compensation cost. (effective 04/01/2019, accurate as of 03/01/2019)
Officers who are not excluded from coverage must also utilize a minimum payroll of $53,300 and a maximum of $132,600 for the purpose of rating workers' comp premium. (As of 04/01/2019). LLC Members have not been addressed by the State of PA.
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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:
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.
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 Pennsylvania 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.
We've developed Pay As You Go workers compensation programs that reduce or eliminate premium deposits and allow Pennsylvania employers to report and pay premium based on actual payroll wages. Protect your business from audits.
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.
With stricter underwriting guidelines for workers compensation insurance in Pennsylvania, many agencies can't offer our special programs designed to help save business owners time and money on coverage.
PA Workers' Comp Specialists
A lot of agencies can write a workers' compensation policy, but very few of them understand how to write coverage most effectively and negotiate the lowest possible rates with their insurance carriers. We've focused on work comp coverage to ensure our in-house are able to help.
Help with PA Class Codes
Insurance rates vary significantly between NCCI classification codes. Let our PA Workers Compensation Specialists help you determine your correct workers compensation class codes before your 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 Pennsylvania. 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.
Get more information about workers' compensation in Pennsylvania:
Workers Compensation Info
Workers Comp Programs
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