MoneyGeek evaluated state insurance companies for their cost, client satisfaction, financial stability and online quote process to find the best workers’ comp insurance in Delaware. With excellent ratings across the board, Nationwide was MoneyGeek’s top choice in the state.

Workers' compensation insurance protects employees who sustain injuries or illnesses at work. It also ensures legal compliance for employers and helps defend them against lawsuits, save on compensation costs and boost employee morale.

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Best Workers’ Compensation Insurance in Delaware

With its excellent balance of pricing and customer service, we rated Nationwide is rated as the overall best workers’ compensation insurance company in Delaware. Its average cost is $125 per month, but your premium may vary depending on factors like your business type and payroll costs.

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Cheapest Workers’ Compensation Insurance in Delaware

If cost is your primary concern, Nationwide offers Delaware's most affordable workers' compensation insurance. For companies with 20 employees and an average annual payroll expense of $1,250,000, this coverage costs just $125 per month, on average.

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To find the most affordable insurer, we evaluated providers by average monthly cost, although the cheapest option for your small company might differ depending on other factors. The table below lists the average monthly premiums for businesses with 20 employees for all Delaware workers’ compensation insurance companies we examined.

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Best Workers’ Compensation Insurance for Micro Businesses in Delaware

biBERK, with an average monthly premium of $67, is the best workers’ compensation insurance provider for Delaware micro businesses.

Although the number of employees does affect your workers' compensation insurance rate, payroll is usually the more influential factor. To find the best workers' compensation for micro companies, or companies with fewer than 10 employees, we collected quotes from companies with five employees and annual payroll costs of $312,500.

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Best Workers’ Compensation Insurance for Midsize Businesses in Delaware

The Hartford offers the best workers’ compensation for midsize businesses in Delaware, with a monthly premium of $564 for companies with 100 employees.

Besides employee count, payroll also plays a major role in workers’ compensation insurance costs. MoneyGeek gathered quotes for a company with 100 employees and an annual payroll amount of $6,250,000 to find the best workers’ comp for midsize businesses in the state.

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How Much Is Workers’ Compensation Insurance in Delaware?

Businesses with 20 employees pay $135 per month on average for workers' compensation insurance in Delaware, which is less than the $168 per month nationwide average. MoneyGeek used the following sample policy limits to obtain these cost estimates:

  • $1 million total policy limit
  • $1 million per accident limit
  • $1 million per employee limit

This means that, up to the $1 million total policy limit, the insurer will pay up to $1 million for every particular accident and a maximum of $1 million for each employee. However, you will be responsible for covering any additional lost income or excessive medical costs incurred by your employee. Your coverage limits may be increased with the use of an umbrella policy.

The number of employees and annual payroll are two of the most important variables affecting workers' compensation insurance rates. The table below shows how employee count affects the cost of workers’ compensation in Delaware.

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Factors That Impact Workers’ Compensation Costs in Delaware

Workers' compensation insurance rates might differ greatly between businesses. This is due to factors like the workforce size, employee class code, payroll expenses, state laws and claims history that affect the overall premium of a workers’ compensation policy.

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Do You Need Workers’ Compensation Insurance in Delaware?

Businesses in Delaware with one or more employees, whether they are part-time or full-time, must carry workers’ compensation insurance. Only farm employees are exempt from this rule.

Even if you are exempt, having workers' compensation insurance in Delaware is important to guarantee your financial security. By choosing not to purchase workers' compensation insurance, you accept full financial responsibility for any accidents at work, including medical costs. Injured employees may also file a lawsuit as a result, incurring significant costs.

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WORKERS’ COMP PENALTIES IN DELAWARE

Delaware employers who do not furnish the legally needed workers' compensation insurance or who do not abide by the workers' compensation rules are subject to penalties for each day of noncompliance.

What Does Workers’ Compensation Insurance Cover in Delaware?

Workers’ compensation insurance serves two functions: it guarantees that injured employees receive medical care and reimbursement for a portion of the revenue they lose while they are incapable of returning to work. It also safeguards employers — who are the policyholders — from lawsuits brought by employees hurt at work.

When an employee cannot work due to an illness or accident sustained at work, workers' compensation insurance can help them keep their jobs. To aid in their swift return to work, injured employees may also have access to rehabilitation programs, including physical therapy and vocational training. Workers’ compensation insurance may be able to pay death benefits to a deceased employee's dependents.

Workers’ Comp Resources for Employees in Delaware

The Delaware Office of Workers’ Compensation is the place where Delaware employees can get assistance with worker’s compensation and submit insurance claims.

Employers who require workers' compensation benefits must first provide all required medical, surgical and hospital care starting on the date of the accident, keep a record of all injuries suffered by workers and submit a written report to the Office of Workers' Compensation and their insurance carrier within 10 days of the incident.

Frequently Asked Questions About Workers’ Compensation Insurance in Delaware

To help you in making an informed choice, MoneyGeek explored commonly asked questions regarding the best workers' compensation insurance in Delaware.

The best workers' compensation insurance provider in Delaware is Nationwide, with monthly rates costing $125. In addition to having reasonable premiums, this insurer has a solid AM Best rating for financial stability and a positive NAIC rating for customer satisfaction.

The cost of insurance will differ based on your business, number of employees and payroll costs.

Nationwide also offers the state's most affordable workers' compensation insurance, with monthly premiums averaging $125. This insurer provides business owners an excellent value because of its affordability and top-notch customer care.

However, keep in mind that your location, payroll costs and staff numbers will all affect which insurer is the most affordable for you.

Yes, Delaware law requires employers with at least one employee to have workers' compensation insurance. The workers' compensation statute does not apply to farm workers, but their employers may choose to offer insurance.

On average, it costs $135 a month to get workers' compensation insurance in Delaware.

About Melissa Wylie


Melissa Wylie headshot

Melissa Wylie is a Content and SEO Manager at MoneyGeek. Melissa has worked in the financial content space since 2018 and has spent much of that time focused on all things small business.

Prior to joining MoneyGeek, Melissa held SEO positions at Bankrate and LendingTree. Melissa’s work has also appeared on LendingTree-owned websites ValuePenguin and MagnifyMoney.

Melissa began her career at American City Business Journals in 2015 as a reporter for the company’s women-focused publication Bizwomen. Melissa has a Bachelor of Arts in Journalism from the University of North Texas. Melissa relies on her foundation in journalism to craft content that simplifies complex financial topics to help everyone feel confident when making decisions with their money.

Melissa's other work can be read on LendingTree and Bizwomen.


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