Utah Workers Comp Information
Learn more about state rules and regulations for Utah workers compensation insurance.
Utah is currently one of the cheapest states in the country to purchase Workers' Compensation Insurance. These rates are low partially because of the fact Utah has a Workers Compensation Fund (WCF) who controls 57 percent of the insurance market in the state. The fund is able to control prices because the second biggest provider controls only 3 percent of the remaining market. This brings about immense competition and keeps prices low for Utah employers.
At Workers Compensation Shop.com, we partner with more than 15 carriers who are eager to quote your policy. We have been writing insurance policies in Utah for more than a decade and we have hundreds of satisfied customers. Call today to speak with one of our Workers Comp Specialist's at 888-611-7467.
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About Workers Compensation in Utah
Labor Commission of Utah
Division of Industrial Accidents
160 East 300 South, 3rd Floor
PO Box 146610
Salt Lake City, UT 84114-6610
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?
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.
Workers' Compensation Fund (WCF) of Utah
The WCF is a quasi governmental entity, which is required by law to provide workers' compensation insurance to any employer in the state of Utah upon payment of premium. The WCF controls 57 percent of the market place in the state of Utah. This is one of the main contributing factors for why Utah enjoys such low Workers Comp rates.
More than 600 class codes
One difficult part about getting Workers' Compensation Insurance is determining which class code your business falls under. In Utah this is even more difficult than most because Utah has more than 600 separate business classification codes. Our agents work primarily on Workers' Compensation Coverage. They know how to get your business classified, quickly and accurately.
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.
- Home Healthcare
- Janitorial Services
- And More
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
Utah Work Comp Information
WCF dominates the market in Utah
The Workers Compensation Fund of Utah (WCF) has nearly 57% of the market share. Despite creating a near monopolistic system in the state of Utah, the volume does little to increase competition between carriers. The number two workers comp provider in Utah only has 3% market share in Utah.
Don't pay too much for you work comp rates in Utah. We partner with more than 15 carriers and can shop your rate and around to get your business complete coverage at rock bottom prices.
Let Workers Compensation Shop.com help your business navigate workers comp insurance in Utah.
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