RI Workers Comp Programs
Save more money with special workers comp programs for Rhode Island employers.
Rates on Workers' Compensation Insurance in Rhode Island are seven percent higher than the national average. Currently Rhode Island is the 20th most expensive state in the country to find coverage. This makes it very important to ensure your business is taking advantage of all the discounts, credits and programs you qualify for.
At Workers Compensation Shop.com, we specialize in workers comp coverage. Our agents are experts at getting your business the absolute best coverage at the lowest rates in the industry. One very popular program we specialize in is Pay as You Go Workers Comp Coverage.
This option allows your business to pay the premiums monthly based on your payroll each month. Your business can do this instead of paying one lump sum at the beginning of the term and based on assumed payroll for the entire year. This is especially beneficial for companies who have a hard time forecasting man hours. With Pay as You Go, instead of guessing your payroll throughout the year, you can pay the insurance premiums monthly and use the freed up cash flow on other more immediate business needs.
If you are ready for a quote you can start one online. It only takes a few minutes.
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Target Programs for RI Workers Compensation
Buying Workers Comp Insurance in Rhode Island
Alabama Owner and Officer Exclusions
Alabama currently allows LLC owners, corporate officers, sole-proprietors, and partners to exclude themselves from workers compensation coverage. Owners may elect annually to be exempt from insurance coverage by filing a written certification of their election with the department and the insurance carrier providing coverage.
Why Shop Alabama Workers Comp?
Alabama's workers' compensation rates have been decreasing for the past few years. However, many insurance companies don't offer maximum discounts to employers who continue to renew coverage year-after-year. The reason is that insurance carriers are always interested in maximizing their own revenue. It's often helpful to shop you coverage when rates are decreasing to ensure your business is getting the very best price on coverage.
Companies with more than four full or part-time employees are required to purchase workers compensation insurance.
Rates on Workers' Compensation Insurance in the Rhode Island are 7 percent higher than the national average. Rhode Island has a partnership with Beacon Mutual Insurance Company to be the assigned risk provider. Typically states who have a partnership like this enjoy much lower rates. Because of the small size of the state of Rhode Island there just are not enough carriers in the marketplace to drive the price of coverage down.
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- More than 35 companies quoting workers comp insurance.
- Programs for standard businesses and tough class codes.
- Start your quote online or call us at 888-611-7467.