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Workers' compensation insurance rates in the District of Columbia are some of the lowest in the country. As of 2020, DC rates were 30% below the national average. This ranks Washington DC as the 5th cheapest place in the country to purchase workers' comp coverage.
DC is an NCCI state like most other states. This means that NCCI oversees employers' experience modifiers and collects all data for the state including claims, class codes, premiums, and payroll. They analyze this data and make annual recommendations to carriers and to the DC Department of Insurance. Every Insurance company is required to file their rates with the state for approval each year.
Workers' compensation rates may still vary for the same class codes in DC because insurance companies can apply policy credits and debits up to 25% to adjust their filed rates. More discounts may also be added to a policy depending on the size of payroll and overall claims experience.
Don't pay too much for your workers' comp coverage. Our agents know how to get you the lowest rates for your business. Call us today to find out how knowledegeable agents, expert advice and more choices lead to the best workers' comp rates.
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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.
We Track and Monitor Filed Rates for Most State Class Codes. Select Codes Listed:
The workers' compensation rates listed below for the District of Columbia represent the current insurance rates we've found for 2020. District of Columbia rates are governed by the District of Columbia Department of Employment Services. Insurance carries are allowed to offer discounts and premium credits on DC policies. We offer Pay As You Go insurance in DC. Not all employers will qualify for the lowest rates available or maximum policy credits.
Washington DC workers comp rates vary by industry classification codes and insurance company underwriting guidelines. Employers' who have an Experience Modification Rating (E-MOD) assigned to their business may have additional credits or debits applied to their insurance rates based on prior premiums and workers compensation losses. NCCI administers all Assigned Risk policies as there is not a State Fund in DC.
State Resources for DC
DC Office of Workers' Compensation
64 New York Avenue, NE, 2nd FloorWashington, DC 20002202-671-1000 http://does.dc.gov/
National Council on Compensation Insurance (NCCI)
901 Peninsula Corporate CircleBoca Raton, FL 33487-1362800-622-4123 www.ncci.com/
Washington DC is under the Jurisdiction of the National Council for Compensation Insurance (NCCI). NCCI determines rates and administers the assigned risk pool.
Our agency helps employers find guaranteed state fund workers' comp in DC. If we can't find more affordable coverage with a private insurance company, we can help you buy a state fund policy.
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Get more information about workers' compensation in District of Columbia:
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