RI Workers Comp Information
Get the latest information about Rhode Island state rules on workers compensation insurance.
The marketplace for workers' compensation insurance in Rhode Island is fairly stable and it has been for the last five years. Rates remain 5-7 percent higher than the national average. This ranks Rhode Island as the 20th most expensive state in the country to purchase workers comp coverage.
Rhode Island is a partner with the National Council on Compensation Insurance NCCI to determine workers' compensation rates on all class codes. Rhode Island partners with Beacon Mutual Insurance Company as the assigned risk provider. Typically rates are lower in states who have a partnership like this where an assigned risk provider competes directly with the open market. Because of a lack of competition for coverage rates remain high in Rhode Island.
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About Workers Compensation in Rhode Island
RI Department of Labor and Training
Division of Workers' Compensation
1511 Pontiac Avenue
Building 69, Second Floor
PO Box 20190
Cranston, RI 02920-0942
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.
Rhode Island is an NCCI Partner
Rhode Island partners with the National Council on Compensation Insurance (NCCI). NCCI gathers data, analyzes industry trends, and prepares objective insurance rate and loss cost recommendations. NCCI is the nation’s most experienced provider of workers compensation information, tools, and services. Rhode Island partners with NCCI to determine the rates on workers' compensation coverage only. It does not use NCCI as the administrator of the assigned risk.
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.
Rhode Island Assigned Risk Provider
Beacon Mutual Insurance Company is a partner with the state of Rhode Island and is the assigned risk provider. If your business for any reason cannot find coverage on the open market the assigned risk will offer coverage. Coverage in the assigned risk is normally higher than the open market.
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.
RI Workers Comp Penalties
The Rhode Island Department of Labor is responsible for workers compensation compliance in the state. They can impose civil penalties for each day of non-compliance and may impose criminal penalties resulting in fines and imprisonment for employer who fail to purchase workers compensation in Rhode Island.
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.
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Workers Compensation Help?
- What is Workers Compensation?
- The Basics of Workers Comp
- Workers Compensation Q and A?
- Insurance Laws for Work Comp
- Managing Policy Claims
- Getting Work Comp Benefits
- NCCI Classification Codes
- Experience Modifiers and Ratings
- State Fund Coverage
- Workers Compensation Forms
- Handling Workers Comp Audits
- Understanding an Employer Liability Policy
- Excluding Owners and Officers
- Other States Coverage
Rhode Island Work Comp Information
RI Workers Comp Penalties
The Rhode Island Department of labor is responsible for workers compensation compliance in the state. They can impose civil penalties for each day of non-compliance and may impose criminal penalties resulting in fines and imprisonment for employer who fail to purchase workers compensation in Rhode Island.
Let Workers Compensation Shop.com help your business navigate workers comp insurance in Rhode Island.
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