Wyoming Workers Comp Rates
Wyoming workers' compensation rates continue to remain stable in 2019.
Wyoming is a great state to live and work. With the smallest population in the county, Wyoming's industry and population has continued to grow over the past few years. Construction is currently the fastest growing industry in the state.
On average, employers in Wyoming average about 95% of the national median with regard to workers compensation rates. The most recent national study ranked Wyoming 31 out of 51 from most expensive rates to least expensive.
Since Wyoming is a monopolistic state, there are no comparison ratings to publish for regarding the lowest and highest rates in the state.
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WY Rates for Select Work Comp Class Codes
As of 2019, Wyoming is one of 4 monopolistic states left in the country. This means that all rates are set by the state and that private insurance companies are not authorized to sell workers compensation in Wyoming. Workers compensation is required by law in Wyoming and self-insurance is not allowed. Our agency is a national workers compensation firm and we often help employers purchase out of state workers compensation policies when they hire employees or perform projects in other states. We write workers compensation coast to coast.
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Wyoming operates an exclusive State Fund. Workers comp may only be purchased from the Wyoming Workers' Safety and Compensation Division. We often help Wyoming employers and agents purchase out-of-state-coverage when Wyoming employers hire employees or do business outside of Wyoming.
State Resources for Wyoming
State Resources for Wyoming
Wyoming Department Of Workforce Services
Wyoming Department Of Insurance
Wyoming workers comp is under the Jurisdiction of the Wyoming Department of Workforce Services and operates it's own exclusive state fund.
The state does contract with NCCI (National Council on Compensation Insurance) in order to collect and manage policy and statistical data regarding workers compensation, employers' liability and USL&H coverages.
Get a free insurance comparison today and see if your business qualifies for lower rates.
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- 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
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