NEXT leads the field for workers' comp insurance in Alaska, standing out for excellent customer service and comprehensive coverage options. Alaska's business owners can also count on Simply Business and Coverdash as reliable alternatives for their coverage needs.
Workers' Comp Insurance in Alaska
NEXT is Alaska's top workers' compensation insurance provider, with a score of 4.62 out of 5 in our analysis.
Compare top Alaska workers' comp insurance providers and find your ideal coverage.
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Updated: September 10, 2025
Advertising & Editorial Disclosure
Key Takeaways
NEXT, Simply Business and Coverdash rank as the top workers' comp insurance providers in Alaska based on overall performance scores.
Your business type, number of employees, previous claims and available budget will determine which workers' comp provider fits your needs best.
Compare quotes from multiple providers, look into their industry knowledge, review their service history and check coverage details to find the right workers' comp insurance for your Alaska business.
Best Workers' Comp Insurance Companies in Alaska
| NEXT | 4.62 | 1 |
| Simply Business | 4.53 | 2 |
| Coverdash | 4.46 | 3 |
| biBERK | 4.44 | 4 |
| Progressive Commercial | 4.41 | 5 |
| Thimble | 4.35 | 6 |
How Did We Determine These Rates and Rankings?
These rates are estimates based on MoneyGeek's analysis of small businesses with two employees across 79 major industries. Actual rates vary based on your business location, industry risk factors, claims history, coverage limits and individual insurer underwriting criteria. Contact insurers directly for personalized quotes.
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LEARN MORE ABOUT BUSINESS INSURANCE IN ALASKA
Alaska businesses often need more than just workers' compensation insurance. Here are helpful resources about other types of coverage to consider:
Best Alaska Workers’ Comp Insurance Reviews
NEXT and Simply Business provide good workers' compensation coverage for Alaska businesses.
NEXT
Best Overall Provider
MoneyGeek Rating
4.6/ 5
4.4/5Affordability
4.7/5Customer Experience
4.8/5Coverage Options
Average Monthly Premium
$63We analyzed thousands of workers' compensation quotes from insurers operating in Alaska across 79 industriesOur Survey: Claims Process
3.9/5Based on customer satisfaction survey dataOur Survey: Recommend to Others
4.8/5Likelihood customers would recommend this provider
Simply Business
Good Customer Service
MoneyGeek Rating
4.5/ 5
4.6/5Affordability
4.2/5Customer Experience
4.9/5Coverage Options
Average monthly premium
$65Typical monthly cost for workers' compensation coverageOur survey: Claims process
3.7/5Rating based on customer satisfaction with claims handlingOur survey: Recommend to others
4.2/5Likelihood customers would recommend this provider
Cheapest Workers' Comp Insurance Companies in Alaska
NEXT provides Alaska's most affordable workers' comp coverage at $63 monthly ($755 annually). Progressive and Thimble offer competitive rates at $64 per month each, with minimal price difference between providers. The table below shows costs from all companies we analyzed:
| NEXT | $63 | $755 |
| Progressive Commercial | $64 | $770 |
| Thimble | $64 | $774 |
| Simply Business | $65 | $780 |
| Coverdash | $66 | $798 |
| biBERK | $69 | $825 |
| Chubb | $78 | $931 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on workers’ comp policies. Your actual premium depends on where your business is located, what industry you're in, how many employees you have, and other factors insurers consider.
Average Cost of Workers’ Comp Insurance in Alaska
Workers' compensation insurance in Alaska costs businesses an average of $67 per month ($805 annually), which runs $7 less than the national monthly average of $74. Alaska's actual premiums vary based on your business's risk level, number of employees, payroll size and claims record.
Average Cost of Workers' Comp in Alaska by Industry
In Alaska, workers' compensation costs vary by risk level. Speech therapists pay the lowest premiums at $5 per month, while roofing companies face much higher rates at $755 monthly.
| Accountants | $19 | $225 |
| Ad Agency | $15 | $175 |
| Auto Repair | $139 | $1,665 |
| Automotive | $106 | $1,273 |
| Bakery | $50 | $594 |
| Barber | $13 | $156 |
| Beauty Salon | $13 | $158 |
| Bounce House | $37 | $445 |
| Candle | $37 | $442 |
| Cannabis | $76 | $908 |
| Catering | $67 | $805 |
| Cleaning | $44 | $531 |
| Coffee Shop | $43 | $519 |
| Computer Programming | $26 | $311 |
| Computer Repair | $22 | $265 |
| Construction | $165 | $1,985 |
| Consulting | $28 | $333 |
| Contractor | $152 | $1,826 |
| Courier | $209 | $2,513 |
| DJ | $13 | $155 |
| Daycare | $12 | $148 |
| Dental | $10 | $123 |
| Dog Grooming | $59 | $711 |
| Drone | $25 | $297 |
| Ecommerce | $20 | $236 |
| Electrical | $53 | $632 |
| Engineering | $35 | $421 |
| Excavation | $97 | $1,167 |
| Florist | $56 | $674 |
| Food | $38 | $459 |
| Food Truck | $41 | $497 |
| Funeral Home | $24 | $292 |
| Gardening | $43 | $514 |
| HVAC | $57 | $682 |
| Handyman | $85 | $1,020 |
| Home-based | $9 | $110 |
| Hospitality | $63 | $760 |
| Janitorial | $45 | $534 |
| Jewelry | $28 | $331 |
| Junk Removal | $128 | $1,535 |
| Lawn/Landscaping | $35 | $415 |
| Lawyers | $48 | $573 |
| Manufacturing | $53 | $639 |
| Marine | $136 | $1,635 |
| Massage | $13 | $161 |
| Mortgage Broker | $13 | $152 |
| Moving | $238 | $2,853 |
| Nonprofit | $29 | $347 |
| Painting | $128 | $1,535 |
| Party Rental | $34 | $406 |
| Personal Training | $23 | $272 |
| Pest Control | $64 | $773 |
| Pet | $28 | $336 |
| Pharmacy | $6 | $70 |
| Photography | $16 | $187 |
| Physical Therapy | $6 | $74 |
| Plumbing | $59 | $703 |
| Pressure Washing | $77 | $918 |
| Real Estate | $28 | $333 |
| Restaurant | $58 | $697 |
| Retail | $32 | $384 |
| Roofing | $755 | $9,060 |
| Security | $47 | $561 |
| Snack Bars | $40 | $475 |
| Software | $24 | $291 |
| Spa/Wellness | $16 | $193 |
| Speech Therapist | $5 | $65 |
| Startup | $12 | $144 |
| Tech/IT | $25 | $298 |
| Transportation | $209 | $2,512 |
| Travel | $6 | $78 |
| Tree Service | $200 | $2,400 |
| Trucking | $245 | $2,942 |
| Tutoring | $9 | $109 |
| Veterinary | $18 | $211 |
| Wedding Planning | $26 | $314 |
| Welding | $107 | $1,283 |
| Wholesale | $37 | $440 |
| Window Cleaning | $192 | $2,303 |
How Much Workers' Comp Insurance Do I Need in Alaska?
In Alaska, businesses must carry workers' compensation insurance as soon as they hire their first employee. This insurance provides coverage for medical expenses and lost wages if workers get injured or become ill due to their job duties.
Sole proprietors
Business owners operating alone can typically opt out of workers' comp coverage since they are not considered employees of their own company
Corporate officers
Executive officers owning at least 25% of company stock may elect to exclude themselves by filing a written waiver with proper documentation
Independent contractors
Workers who maintain control over their work methods and schedule while providing their own tools can qualify as exempt independent contractors
Domestic workers
Household employees working fewer than 40 hours per week or earning below the state threshold may be exempt from coverage requirements
Real estate agents
Licensed real estate professionals working on commission basis are independent contractors so don't need coverage.
Agricultural workers
Small farms with limited seasonal workers or family members often don't require coverage.
Religious organizations
Members of religious orders performing duties for their organization can be exempt when the order maintains alternative medical coverage
Professional athletes
Athletes in certain professional sports leagues may be exempt due to separate injury coverage through their league or players association
How to Get the Best Workers' Comp Insurance in Alaska
When looking for workers' compensation insurance, you can find coverage that protects your employees while managing business insurance costs. Compare rates from multiple providers, reviewing their coverage options and claims handling processes.
- 1
Check legal requirements first
Alaska state law requires most businesses with employees (even if only one) to carry workers' compensation insurance.
- 2
Collect essential business data
Prepare your total payroll numbers, employee count and detailed job classifications before asking for quotes.
- 3
Get multiple insurance quotes
Contact at least three different insurance carriers that operate in Alaska.
- 4
Find industry-specific experience
Select insurers who understand Alaska's unique business environment and your industry's specific risks.
- 5
Compare provider services
Review each insurer's claim processing speed, complaint history and other services. Look for extras like workplace safety programs.
- 6
Review coverage details
Examine policy limits, exclusions and payment options carefully.
- 7
Schedule annual coverage reviews
Evaluate your policy every year since changes will likely be made in your business operations.
Alaska Workers’ Comp: Bottom Line
Alaska business owners have access to several strong workers' compensation insurance providers. Our analysis shows NEXT, Simply Business and Coverdash lead the market with exceptional service and coverage options. Consider getting quotes from these providers to find the best match for your industry type, company size and budget requirements.
Alaska Workers' Comp Insurance: FAQ
Understanding workers' comp insurance requirements and costs in Alaska can be challenging for business owners navigating Alaska's regulations. Here are answers to the most common questions to help you make informed decisions.
Is workers' comp insurance required for all Alaska businesses?
Alaska requires workers' compensation insurance for all businesses with employees.
How much does workers' comp insurance cost in Alaska?
NEXT offers the most affordable workers' comp insurance in Alaska at $63 per month ($755 annually). Your actual premium will depend on your industry risk level, number of employees, payroll size and claims history.
What does workers' comp insurance cover in Alaska?
Alaska workers' comp insurance covers medical expenses and lost wages for work-related injuries or illnesses. It offers unlimited medical benefits and partial wage replacement during recovery.
Which workers' comp insurance company is best in Alaska?
NEXT leads Alaska's workers' comp providers with a 4.62 overall score, excelling in customer service (4.70); Simply Business follows at 4.53, offering good coverage choices, while Coverdash ranks third at 4.46 with competitive rates.
What happens if I don't have workers' comp insurance in Alaska?
Operating without workers' compensation insurance in Alaska is illegal. Employers face fines up to $1,000 per employee per day and potential criminal charges. The Alaska Workers' Compensation Division can stop business operations.
Do sole proprietors need workers' comp insurance in Alaska?
Sole proprietors in Alaska aren't required to carry workers' compensation insurance unless they work in specific high-risk industries like construction or roofing.
How do I choose the right workers' comp insurance company in Alaska?
Compare quotes from at least three workers' compensation insurance carriers in Alaska. Look for insurers with proven experience in your industry sector.
How We Scored the Best Workers' Comp Insurance Companies in Alaska
- Affordability (50%): Cost drives every small business insurance decision in Alaska's expensive market. We compared monthly premiums across all companies, since even comprehensive policies won't help if you can't afford them.
- Customer experience (30%): When your employee gets hurt, you'll need an insurer that handles claims quickly and treats injured workers fairly. We used J.D. Power ratings, Alaska Department of Insurance complaint data and independent reviews.
- Coverage options (15%): We evaluated each company's policy flexibility, add-on options and coverage limitations for specific Alaska industries and regulatory requirements.
- Financial strength (5%): Premium savings don't matter if your insurer struggles financially. We checked AM Best ratings to ensure recommended carriers can deliver on their promises.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.