Workers Compensation Insurance By State
The average cost of workers’ compensation insurance in the United States is $936 per employee, per year, or $78 per month.
Due to this; Business owners across America are starting to realize how expensive it can be to go without workers compensation insurance.
Workers’ compensation premiums will vary significantly based on several factors; such as how long you have been in business, the state that your business is currently in, or how much your annual payroll is.
In this post we will cover the average cost of workers compensation insurance by state, and the average cost of business insurance by policy type.
Average Small Business Insurance Costs By Policy Type
Type Of Policy
Average Annual Cost
General Liability
$780
Business Owner’s Policy (BOP)
$1,188
Professional Liability (E&O)
$1,164
Worker’s Compensation
$1,332
Commercial Umbrealla Policy
$1,548
Average Cost Of Workers Compensation Insurance By State
STATE
AVG. MONTHLY PREMIUM
STATE
AVG. MONTHLY PREMIUM
Alabama
$28
Montana
$16
Alaska
$28
Nebraska
$25
Arizona
$23
Nevada
$23
Arkansas
$28
New Hampshire
$106
California
$23
New Jersey
$16
Colorado
$26
New Mexico
$26
Connecticut
$21
New York
$16
Delaware
$38
North Carolina
$22
D.C.
N/A
North Dakota
N/A
Florida
$24
Ohio
N/A
Georgia
$17
Oklahoma
$26
Hawaii
$35
Oregon
$16
Idaho
$16
Pennsylvania
$23
Illinois
$50
Rhode Island
$16
Indiana
$16
South Carolina
$42
Iowa
$34
South Dakota
$42
Kansas
$56
Tennessee
$33
Kentucky
$33
Texas
$16
Louisiana
$39
Utah
$16
Maine
$48
Vermont
$39
Maryland
$35
Virginia
$24
Massachusetts
$16
Washington
N/A
Michigan
$19
West Virginia
$39
Minnesota
$16
Wisconsin
$85
Mississippi
$16
Wyoming
N/A
Missouri
$42
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