6 Best Workers’ Compensation Insurance Companies in 2025

The Occupational Safety and Health Administration (OSHA) estimates that employers pay out about $1 billion per week in workers’ compensation costs. It’s vital for you to protect your workers and your business. 

Most states require companies to purchase workers’ compensation, also called workman’s comp or workers’ comp, for their employees. Workers’ compensation insurance offers medical benefits, wages, and other financial benefits if workers become ill or injured, but only while on the job. 

If your company issues a W-2, you will need workers’ comp insurance, whether you seek the best workers’ comp insurance for small business or a large company. Penalties for not insuring your employees vary by state.

We compared the features, pros and cons, price, and plans of each using a comprehensive methodology process. 

• The Hartford: Best Overall
• Chubb: Best for Risk Assessment
• Nationwide: Best for Return-to-Work Programs
• Travelers: Best for Medical Management Innovation
• Zurich: Best for Legal Considerations
• Employers: Best for Workers’ Comp-Only Coverage

The 6 Best Workers’ Compensation Providers in 2023 

It’s worth considering the best workers’ comp insurance for small businesses or for mid-sized or large companies — no matter the size of your business. You want your employees to have the very best coverage possible. Find the best workers’ comp insurance possible for medical expenses that cover injured or ill employees’ medical treatment, lost wages due to missing work, and more. 

The Hartford: Best Overall

The Hartford, one of the nation’s largest and most respected insurance providers, offers unique features for those looking for workers’ compensation coverage. Let’s take a look at one that rises high among the top 100 workers’ compensation carriers, and if you’re looking for multiple coverages, ask. 

Features and Benefits

Employees gain access to over a million providers experienced in treating workplace injuries, 65,000 U.S. pharmacies (with no out-of-pocket expenses) as well as mail-order service. Workers hurt with needles can get access to medical expenses and pays for initial testing for employee and patient. It can also reimburse your employee for additional testing. Nurse case managers can work with your employees to help coordinate treatment, and employees can also get access therapies (emotional, occupational, physical).

Price

The Hartford’s average prices for coverage based on monthly payment and payroll amount: 

• Payroll of over $1 million: $275
• $500,000 to $1 million: $202
• $300,000 to $500,000: $160
• $150,000 to $300,000: $120
• $100,000 to $150,000: $78
• $50,000 to $100,000: $64
• Under $50,000: $52

Plans

The Hartford offers more coverage options beyond workers’ compensation insurance, including business owners’ policies, general liability, professional liability, commercial property, business income, data breach, commercial umbrella, and commercial auto insurance. 

Chubb: Best for Risk Assessment

Chubb, an A-rated provider with a storied tradition, has over 100 years of workers’ compensation experience. The company serves small to large companies to cover their employees.

Features and Benefits

Chubb’s risk engineers help or reduce workplace accidents and other risks, so they offer employee safety awareness programs, safety and health program assessments, risk assessments, safety calendars, ergonomic assessments, noise monitoring, air contaminant monitoring, and indoor air quality assessment.

Chubb offers a 24-hour-per-day loss reporting system with a commitment to respond within 48 hours once a claim has been reported. The company makes a commitment to deliver disability checks and medical fees on time, and when possible, tries to issue disability payments within 14 days of notification. 

Chubb also helps businesses create a safer workplace, manage costs, and offer support to help employees get back to work as soon as possible. Chubb also offers:

• Accessible forms
• Technical expertise
• Return-to-work programs
• Medical bill repricing based on state fee schedules and preferred provider network discounts

Chubb’s medical and disability management helps minimize costs and enhance employee morale and productivity. 

Price

Chubb does not provide prices online — you must apply — but you can minimize your costs through preferred provider networks, pharmacy benefit management programs and medical cost containment programs.

Plans

Through Chubb’s workers’ compensation plan, you get coverage for medical expenses and lost wages to employees. Chubb also offers other basic policies for small businesses, such as general liability and business owner’s policy insurance.

Nationwide: Best Return-to-Work Programs

Nationwide, a Fortune 100 company with A+ ratings and which offers ample support for employees. Nationwide workers comp has been in the business for nearly 100 years. 

Features and Benefits

Nationwide helps companies access return-to-work programs to help injured employees get back to work, including the nurse triage program. The nurse triage program is available 24/7 to help supervisors connect employees to the right care immediately.

Nationwide also has more than just workers’ compensation — you can do more than just meet the required needs by your state. Learn more about the other optional coverages your company may need, such as property or liability coverage.

Price

Workers’ compensation insurance pricing with Nationwide depends on a wide variety of factors, including payroll, the industry you’re in, the work your employees do, claims history, and your state requirements. The Nationwide website offers pricing for various company sizes. Check with a Nationwide agent for an overview of the type of coverage you need and how much you need. 

Plans

To find the best workmans’ comp insurance for you, check with a Nationwide agent for more information about plans you can choose from with the company.

Travelers: Best for Medical Management Innovation

Your list of insurance companies for workers’ compensation in the United States may not work without Travelers. Travelers lends experience, collaboration, and flexible service to its customers. The company facilitates safe work environments and lowers claim costs and gets injured employees back to work as quickly as possible.

Features and Benefits

Travelers can help you protect your business by limiting your liability if sued by an injured employee, safety resources and expertise to reduce workplace accidents, lost wage benefits, claim professionals available to simplify the claims process, and an investigative team to prevent accidents in your workforce. Travelers offers flexible solutions, responsive, reliable service, and resources to prevent risk.

Price

Travelers charges workers’ compensation insurance rates based on various factors, such as your location, payroll and claim history, number of employees, and history of workplace injuries. The more employees you have and the more they earn (as well as for hazardous industries), the higher your premium may be. 

Before you sign up for coverage, your insurance agent may be able to estimate how much your policy will cost for the year and help you plan your budget ahead of time.

Ultimately, rates are based on an amount per $100 of payroll based on the Workers Compensation Classification Code rate. States provide the basis for rates by classification code.

Plans

Travelers’ products enable customers to tailor insurance solutions to cover the specific needs of their business. Contact a Travelers agent for more details about pricing and plans for your specific company needs.

Zurich: Best for Legal Considerations

Zurich, a leading  200 countries and territories, goes squarely on our list of the best workers’ compensation insurance. Founded 150 years ago, Zurich offers extensive prevention services for clients.​

Features and Benefits

Zurich’s excellent ratings from AM Best and the BBB puts Zurich squarely in the “excellent reputation” category. You can also benefit from a few other features and benefits, including innovative medical management, customer care, and follow-through from a company that puts clients first.

Price and Plans

A preferred agent or broker will help you find a plan and price. The preferred distributor program includes distributors that help companies find the right workers’ compensation insurance.

Employers: Best for Workers’ Comp-Only Coverage

You tap into Employers for one reason only: workers’ compensation insurance. Therefore, there’s no bundling workers’ compensation with other business insurance types, like commercial auto and business insurance for startups. 

Features and Benefits

Employers’ return to work program minimizes downtime to ensure that employees get back to work quickly, increasing productivity, reduced loss of time away from work, faster claim resolution, and reduced claim costs. Employers also has a fraud investigations department to look into preventing insurance fraud and offering insurance fraud management. 

Price and Plans

Contact the company for a plan and price to help you find the right workers’ compensation insurance.

Methodology

We used an evaluation system to find the best workmans’ compensation insurance companies by reviewing more than 20 providers. We considered financial ratings, customer service, ease of use (including their online platforms), policies offered, most expensive to cheapest workers’ comp insurance, all looking through the lens of a policyholder. We also checked into other policies you can bundle.