What are the best and cheapest workers' comp insurance providers in Alaska?

ERGO NEXT is the best workers' comp insurance in Alaska, with the lowest monthly rate at $132: ERGO NEXT: $132 a month Thimble: $154 a month Coverdash: $172 a month Hiscox: $175 a month biBERK: $195 a month

How do you get workers' comp insurance in Alaska?

You can get workers' comp coverage in Alaska by: Purchasing coverage from licensed private insurance companies operating in the state Buying through assigned risk pools when standard market options aren't available Qualifying for self-insurance status if your business meets Alaska's financial requirements Many business owners compare quotes online or through brokers to get the best rate and compliance support.

What does Alaska workers' comp insurance cover?

In Alaska, workers' comp insurance covers the following: Medical care: Covers reasonable and necessary treatment for work-related injuries or illnesses. For nonemergency care, Alaska generally allows the employer to direct where the employee receives treatment. Lost wages: Pays 80% of the worker’s spendable weekly wage, which is based on earnings after certain payroll deductions, while the employee is unable to work. Payments cannot exceed the state’s annual weekly limit. Return-to-work support: Provides retraining and other reemployment services when an employee can’t return to the job they held before the injury. Death benefits: Pays burial expenses and part of the deceased worker’s average weekly wage to dependents who qualify under Alaska law.

Best Workers' Comp Insurance in Alaska (2026)

Written by Angelique Palenzuela-Cruz

Edited by Rae Osborn

Reviewed by Connor Bolton

Updated: August 26, 2026

Advertising & Editorial Disclosure

Best Workers' Comp Insurance Companies in Alaska

ERGO NEXT is the best workers' comp insurance provider in Alaska with the lowest average rates and the top buying experience among providers we reviewed. Coverdash follows in second place, offering the state's best coverage score. Both are strong options for Alaska employers shopping for workers' comp insurance.

The spread between ERGO NEXT ($132 a month) and the most expensive provider (Chubb at $231 a month) is $99. Low-hazard Alaska employers gain the most from that gap. The advantage narrows for construction and transportation class codes where all carriers converge on higher base rates.


ERGO NEXT	4.50	$132	1	4
Coverdash	4.24	$172	4	1
Thimble	4.13	$154	6	7
Simply Business	4.07	$187	2	2
Hiscox	4.06	$175	5	8
Chubb	3.74	$231	3	3
biBERK	3.74	$195	6	6
Progressive Commercial	3.70	$199	6	5

MoneyGeek analyzed workers' comp insurance rates and provider performance across Alaska using small business profiles with one to four employees spanning 408 major industries. Companies earn up to five points in each category in our scoring system. We then use a weighted average of these category scores to calculate a MoneyGeek score out of five.

Affordability (55%): Based on average payroll for the most common employee code per industry and state classification, priced per employee for a one to four employee business.
Customer Experience (35%): Evaluates buying (20%), which covers quote access, pricing accuracy and sales support; policy management (30%), which covers payroll reporting, audits, billing and loss control; and claims (50%), which covers FNOL speed, adjuster support, medical access, wage replacement and dispute handling.
Coverage Options (10%): Assesses coverage completeness (35%), including employers' liability and wage and medical reimbursement; policy flexibility and endorsements (25%); eligibility, state and industry breadth (20%); and policy terms, limits and exclusions (20%).

ERGO NEXT

Best Workers' Comp Insurance in Alaska

MoneyGeek Rating

4.5/ 5

4.5/5Affordability

4.4/5Customer Experience

3.8/5Coverage

Average Monthly Cost
$132
Claims Processing Score
4/5
Policy Management Score
4.1/5
Buying Process Score
4.4/5

pros
- Lowest monthly rates in Alaska
- Top-ranked buying experience for digital enrollment
cons
- Coverage breadth ranked fourth among Alaska providers
- Less established claims infrastructure in remote Alaska regions
- Rate advantage over Thimble is modest for low-risk trades
ERGO NEXT is our most affordable provider, with a monthly rate of $132, its $22 lower than the next-cheapest provider, Thimble. For Alaska small businesses in financial services, consulting and professional sectors, that savings compounds across an employee base.

ERGO NEXT's buying experience and policy management scores both rank at or near the top of the Alaska market. If you need fast, digital enrollment without a local agent intermediary, you'll find this provider a good fit.
If you need the broadest available coverage options, compare ERGO NEXT against Coverdash, which holds the top coverage score in the state. ERGO NEXT ranks fourth on coverage breadth. For businesses in complex industries with specialized endorsement needs, the coverage difference outweighs ERGO NEXT's rate advantage.

Coverdash

Best Alaska Workers' Comp Insurance: Runner-Up

MoneyGeek Rating

4.2/ 5

4/5Affordability

4/5Customer Experience

4.9/5Coverage

Average Monthly Cost
$172
Claims Processing Score
4/5
Policy Management Score
4/5
Buying Process Score
4/5

pros
- Best coverage options in the state
- Competitive buying process with clear eligibility transparency
cons
- Monthly rate is $40 higher than ERGO NEXT
- Less price-competitive for lower-hazard professional industries
Coverdash is the runner-up provider in my analysis, and has the strongest coverage score in the Alaska. Construction, health care and transportation employers benefit most from Coverdash's coverage breadth, since it offers comprehensive protection and value flexible endorsements most. Expect to spend an average of $172 per month, which is more than ERGO NEXT's $132, but you'll get the most complete policy options among the providers I analyzed.
Alaska businesses that prioritize cost should look at ERGO NEXT first. Coverdash's $172 per month average runs $40 higher than ERGO NEXT's $132. For low-hazard class codes where coverage breadth isn't the main concern, that rate difference makes ERGO NEXT the better starting point.

Cheapest Workers' Comp Insurance in Alaska

ERGO NEXT is the cheapest workers' comp provider in 19 of 25 Alaskan industry categories. The Hartford leads in six, including consulting, financial services, healthcare, hospitality, real estate and tech.

Transportation and logistics is the most expensive industry in our analysis at $397 per month, nearly $90 more than construction and contracting at $311. Those two industries are the only ones where the cheapest available rate tops $300 monthly. Financial services sits at the opposite end at $13 per month. The spread between the cheapest and most expensive industry $384 per month, or $4,603 per year.


Agriculture & Natural Resources	ERGO NEXT	$214	$2,567
Arts, Media & Entertainment	ERGO NEXT	$126	$1,506
Beauty, Body & Wellness Services	ERGO NEXT	$16	$195
Childcare Services	ERGO NEXT	$52	$628
Cleaning Services	ERGO NEXT	$148	$1,778
Construction & Contracting	ERGO NEXT	$311	$3,731
Consulting Services	The Hartford	$23	$281
Education	ERGO NEXT	$86	$1,035
Financial Services	The Hartford	$13	$158
Fitness Services	ERGO NEXT	$89	$1,072
Food & Beverage	ERGO NEXT	$55	$661
Healthcare & Medical	The Hartford	$62	$747
Hospitality, Travel & Tourism	The Hartford	$58	$691
Manufacturing	ERGO NEXT	$198	$2,380
Marketing & Communications	ERGO NEXT	$17	$199
Nonprofit & Associations	ERGO NEXT	$78	$939
Other Professional Services	ERGO NEXT	$28	$331
Pet Care Services	ERGO NEXT	$84	$1,013
Real Estate & Property Services	The Hartford	$26	$310
Recreation & Sports	ERGO NEXT	$146	$1,750
Repair & Maintenance	ERGO NEXT	$96	$1,146
Retail & Product Rental	ERGO NEXT	$73	$873
Tech/IT	The Hartford	$47	$565
Transportation & Logistics	ERGO NEXT	$397	$4,761
Wholesale & Distribution	ERGO NEXT	$255	$3,057

How to Get the Best Workers' Comp Insurance in Alaska

You'll need to make several decisions when getting workers' compensation for your business. A guide makes sure you're covering all angles, not just going for the provider with the lowest cost.

1
Confirm Your Coverage Obligation
As soon as your hire your first employee, Alaska requires you to carry workers' comp coverage. Verify current exemption thresholds with the Alaska Workers' Compensation Board under the Alaska Department of Labor and Workforce Development.
2
Identify Your Industry Class Codes
Alaska uses NCCI class codes to determine the rate per $100 of payroll. Remote worksites, offshore operations and seasonal work patterns all affect which codes apply. Review your class code assignments before soliciting quotes.
3
Assemble Payroll Records and Loss History
Carriers underwrite based on total payroll by class code and your three-year claims history. Alaska employers with remote or seasonal employees should document payroll periods carefully. This is important because audit adjustments at renewal are common.
4
Request Quotes from Admitted Alaska Carriers
Not every carrier active in the lower 48 writes coverage in Alaska, especially for high-hazard or remote-worksite risks. Identify which carriers write workers' comp in Alaska and compare business insurance quotes from them.
5
Evaluate Total Coverage, Not Just Price
Alaska's difference in rates between the cheapest and most expensive providers is among the largest of any state. Evaluate coverage completeness, claims handling infrastructure and endorsement availability alongside the rate. For remote work sites, claims response capability matters more than in urban markets.
6
Bind Coverage and File Proof with the State
The Alaska Workers' Compensation Board requires proof of coverage before employees begin work. Coverage binds within one business day for standard-risk employers.
7
Prepare for the Annual Payroll Audit
Alaska workers' comp policies are audited annually. Seasonal and fluctuating payroll is common in Alaska and often leads to large audit adjustments at renewal. Keep payroll records organized throughout the year to avoid surprises.

Best Workers' Compensation Insurance in Alaska: Bottom Line

WANT TO LEARN MORE ABOUT OTHER BUSINESS INSURANCE TYPES?

Workers' comp is only one part of commercial insurance that you likely need. Check our other resources for coverage in the state below to ensure you have comprehensive coverage:

Alaska Workers' Compensation Insurance FAQ

ERGO NEXT is the best workers' comp insurance in Alaska, with the lowest monthly rate at $132:

ERGO NEXT: $132 a month
Thimble: $154 a month
Coverdash: $172 a month
Hiscox: $175 a month
biBERK: $195 a month

Alaska mandates workers' comp insurance for most employers with employees. Exemptions include sole proprietors without employees, domestic workers working fewer than 40 hours per week, and certain agricultural workers. Non-compliant employers face penalties up to $1,000 per day plus potential criminal charges and civil liability for workplace injuries.

The cost of workers' comp in Alaska is relatively more expensive and averages well above the national benchmark. If you're in transportation and logistics, expect to spend around $551 a month on average, while construction companies pay about $504. You're more likely to see lower rates if you work in financial services ($20 a month) and beauty, body and wellness ($22 a month).

You can get workers' comp coverage in Alaska by:

Purchasing coverage from licensed private insurance companies operating in the state
Buying through assigned risk pools when standard market options aren't available
Qualifying for self-insurance status if your business meets Alaska's financial requirements

Many business owners compare quotes online or through brokers to get the best rate and compliance support.

In Alaska, workers' comp insurance covers the following:

Medical care: Covers reasonable and necessary treatment for work-related injuries or illnesses. For nonemergency care, Alaska generally allows the employer to direct where the employee receives treatment.
Lost wages: Pays 80% of the worker’s spendable weekly wage, which is based on earnings after certain payroll deductions, while the employee is unable to work. Payments cannot exceed the state’s annual weekly limit.
Return-to-work support: Provides retraining and other reemployment services when an employee can’t return to the job they held before the injury.
Death benefits: Pays burial expenses and part of the deceased worker’s average weekly wage to dependents who qualify under Alaska law.

About Angelique Palenzuela-Cruz

Angelique Palenzuela-Cruz is a Business Insurance Content Writer at MoneyGeek, where she specializes in general liability, workers’ compensation and professional liability insurance. Her work helps small business owners understand how these policies apply to coverage, including risks like customer injuries, employee injuries, professional mistakes, client contract terms and industry-specific coverage requirements.
She primarily covers service-based businesses where liability and employee coverage decisions are especially important, including cleaning, consulting, beauty and wellness, childcare, education, fitness, food service, pet care, repair and maintenance, and other professional services.
Before joining MoneyGeek, Angelique spent nearly 12 years at Guthrie-Jensen Consultants, one of Southeast Asia’s largest management training firms, where she advanced from Training Consultant to Managing Consultant. In that role, she worked with business clients to assess operational needs, develop training programs and present performance analyses to executive decision-makers. She also helped establish Gladwin Training Consultancy, where she served in learning solutions and client service roles.
Her background gives her practical context for writing about how businesses operate, manage client expectations, structure teams and make risk decisions. At MoneyGeek, she applies that experience to business insurance content, connecting coverage to actual business needs.

LinkedIn: linkedin.com/in/ma-angela-cruz

Email Contact: angelique.palenzuela@moneygeek.com

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