We analyzed cost, customer service ratings and financial stability to determine Kansas’ best workers’ compensation insurance providers. Based on these factors, we found that The Hartford offers the best coverage.
Business owners benefit from this coverage to protect their businesses and employees in case of work-related illnesses and injuries. The state also requires businesses to have workers’ compensation insurance if they don’t qualify for an exemption.
Best Workers’ Compensation Insurance in Kansas
Best Workers’ Compensation Insurance in Kansas
The Hartford offers Kansas’ best workers’ compensation insurance, earning a MoneyGeek score of 99 out of 100. Businesses can get coverage from this company for an average monthly rate of $104. The best option for you depends on factors unique to your business, like your number of employees and your industry of operation.
How was this MoneyGeek score calculated?
- Offers the cheapest rates for workers’ compensation insurance at an average monthly cost of $104
- Few customer complaints, indicating good customer service
- A+ financial strength rating from AM Best
- Quick online quote application
The Hartford is Kansas’ cheapest workers’ compensation insurance provider, with the fewest customer complaints compared to its competitors. Because of this, business owners can avoid the typical compromise between quality customer service and cheap rates. This company offers both, at an average monthly premium of $104, and an NAIC (National Association of Insurance Commissioners) complaint index well below the industry average. It also provides an efficient online quote application, allowing you to compare rates in minutes.
- Offers affordable rates, with an average monthly premium of $107
- Provides online quotes in less than 30 seconds
- Poor customer service record
- Less than stellar financial stability rating
Pie is our runner-up pick for Kansas’ best workers’ compensation insurance provider. It offers one of the cheapest workers’ compensation insurance policies at a monthly average rate of $107. An online quote from this company takes less than 30 seconds to receive, the fastest of all its competitors.
However, MoneyGeek’s research found that Pie’s customer service record is lacking. It received more customer complaints than any other provider we reviewed. The company’s A- rating from AM Best indicates it could improve its financial backing to pay policyholders’ claims reliably.
- Average monthly premium of $117
- Earned a financial stability rating of A+ from AM Best
- Provides online quotes in less than two minutes
- Questionable customer service record
Thimble offers reliable workers’ compensation insurance in Kansas. It provides reasonable rates at a monthly average cost of $117. It received an A+ rating from AM Best for financial stability, demonstrating the company has the means to perform its responsibilities as your insurer. You can also access a customized quote in less than two minutes from this company, making comparison shopping a breeze.
However, MoneyGeek’s analysis found that Thimble has received frequent customer complaints. You might be sacrificing quality customer service for cheap rates with this provider.
- Average monthly premium of $139
- Financial stability grade of A++ from AM Best
- Excellent customer service record
biBERK received an AM Best rating of A++ for financial stability, which means it’s most capable of fulfilling its obligations in case of a claim. It also features a low rate of customer complaints, according to the NAIC national complaint index. You’re likely to receive good customer service from this company, but it’s not the cheapest Montana workers’ compensation insurer. With an average premium of $139 per month, biBERK is one of the more expensive providers.
- Average monthly premium of $148
- Outstanding customer service record
- Efficient online quote application
Next demonstrates its excellent customer satisfaction record with its low customer complaint index rating from the NAIC. It offers a consumer-friendly online quote application, allowing you to compare rates easily. Next’s average monthly premium is $148, which is more expensive than other Kansas workers’ compensation insurance providers. It also received an AM Best grade of A- for financial stability, which is lacking compared to its competitors. This rating means this provider may not be the most prompt when paying claims.
- Offers average monthly rates of $157, the most expensive Kansas provider
- Receives few customer complaints
- Financial stability rating of A+ from AM Best
- Lagging online quote application
Nationwide offers quality customer service with few customer complaints on its record. It’s also a financially stable option, earning an AM Best rating of A+. If you choose this company, you can depend on quality service and prompt claim payouts.
However, Nationwide is the most expensive Kansas workers’ compensation insurance provider, at an average monthly rate of $157. It also has the slowest online quote application of its competitors, taking more time for you to compare rates.
Cheapest Workers’ Compensation Insurance in Kansas
The Hartford is the cheapest company in Kansas for workers’ compensation insurance, offering an average monthly rate of $104. We based our recommendation on businesses with 20 employees and annual payroll costs of $1,250,000. Both of these are important factors in determining the cost of your policy.
The Hartford stands out as Kansas’ most affordable workers' compensation insurance provider. It offers an average monthly premium of $104. According to the NAIC’s (National Association of Insurance Commissioners) complaint index, the company has the lowest average rate of customer complaints among its competitors. As a result, this company balances affordable rates and quality customer service. Thanks to its strong financial backing, you can also depend on this company to pay its claims promptly.
MoneyGeek based our rankings on the cheapest average monthly rates, but several factors may affect the most affordable provider for your business. The table below shows Kansas insurers’ annual and monthly premiums for businesses with 20 employees. We based our rankings on monthly rates.
Best Workers’ Compensation Insurance for Micro Businesses in Kansas
Kansas businesses with five employees can find the best workers’ compensation policies from The Hartford. Its average monthly premium is $52 for businesses with an annual payroll expense of $312,500.
Businesses with less than 10 employees are micro businesses. Employee count significantly affects the cost of workers’ compensation insurance, although payroll typically has a more significant impact. Because of this, smaller businesses tend to have cheaper premiums.
The Hartford demonstrates excellent customer service with its low rate of customer complaints. It offers quality service at a reasonable average rate of $52 monthly. Although this company doesn’t provide the cheapest rates among the companies we reviewed, it’s still a relatively affordable option. It features an AM Best rating of A+ for financial stability, so there’s a good chance it can meet its obligations for claims.
Best Workers’ Compensation Insurance for Midsize Businesses in Kansas
The best workers' compensation insurance for Kansas businesses with 100 employees is from The Hartford. The average monthly premium from this company is $412, based on an annual payroll expense of $6,250,000. Employee count and payroll are two important factors affecting your premiums, but the latter typically makes a more significant impact.
The Hartford offers affordable workers' compensation insurance with minimal customer complaints. It offers an average monthly premium of $412 and an NAIC (National Association of Insurance Commissioners) complaint index well below its competitors’ average. Businesses can enjoy excellent customer service and cheap rates, avoiding the typical trade-off between the two. It also provides an efficient online quote application, allowing you to compare policy rates quickly.
How Much Is Workers’ Compensation Insurance in Kansas?
The average cost of workers’ compensation insurance in Kansas is $129 monthly, which is cheaper than the national average of $168 monthly. To find the average cost of insurance, we used a policy with a $1 million total policy limit, a $1 million per accident limit and a $1 million per employee limit. Your insurer’s insurer’s maximum coverage within the policy period is the total policy limit. The per accident limit is the cap for coverage in a single incident. The per employee limit caps the amount paid to a single employee affected by an incident.
The table below shows the average cost of workers’ compensation insurance for Kansas businesses with five, 20 and 100 employees. Employee count and payroll amount are the most significant factors that affect premiums.
How was this cost calculated?
Factors That Impact Workers’ Compensation Costs in Kansas
Several factors can determine the costs of your workers’ compensation insurance. As a result, rates will vary according to your business.
Higher payroll costs can lead to more expensive premiums. Insurers tend to base your rates on every $100 of payroll. In Kansas, insurers charge an average of $1.02 per $100 of payroll, making it the 35th most expensive state in the nation.
Number of employees
Larger companies may pay higher rates than smaller companies because an increased number of employees could mean a higher risk of employee injury. Your premium may depend on the number of employees you have.
Employee class code
The type of work your employees do is represented by a class code, and your per-$100 rate can depend on this code. High-risk industries, like construction, usually have more expensive premiums than low-risk industries, like those that require administrative or clerical duties.
Your premiums can be higher if you’ve filed workers’ compensation claims before. In 2021, there were 24,700 nonfatal occupational injuries and illnesses in Kansas’ private industry. Meanwhile, there were a total of 2,607,900 recordable cases of nonfatal occupational injuries and illnesses in the private sector of the United States.
Do You Need Workers’ Compensation Insurance in Kansas?
Kansas law requires businesses with any number of employees to purchase workers’ compensation insurance. However, businesses with a gross annual payroll of $20,000 or less and agricultural workers are exempt from this requirement. Your yearly payroll includes everything you pay your employees, even those outside Kansas. A company’s gross annual payroll does not include salaries paid to sole proprietorships or partnership owners.
Failure to comply with Kansas workers’ compensation insurance requirements can lead to the following civil penalties:
- A fine of $25,000 or double the annual insurance premium
- Whichever fee is greater will be applied
These severe financial penalties may devastate your small business if you fail to obtain the required workers’ compensation insurance.
What Does Workers’ Compensation Insurance Cover in Kansas?
Workers’ compensation insurance can cover injuries sustained by employees in the regular course of their jobs. The policy will cover your injuries if you are performing employee duties, even if you are outside of the workplace. This type of insurance pays for medical treatment expenses and offers wage replacement benefits, disability benefits, rehabilitation services and death benefits.
Employees can be protected from loss of income while recovering from an injury, especially when they can’t go to work. The employer is the policyholder and benefits from liability protection for their business.
Workers’ Compensation Insurance Resources for Employees in Kansas
The Kansas Department of Labor Division of Workers' Compensation oversees workers’ compensation. In case of injury or illness, the employee should inform the employer and seek medical treatment. It’s essential to report the incident to your employer, so they can record your injury and help you fill out the necessary forms to file a claim. You will need to wait for a response from the insurer about covering your claim. You can appeal in case of denial.
Frequently Asked Questions About Workers’ Compensation Insurance in Kansas
Businesses looking for workers’ compensation insurance may have questions about insurers, costs and coverage. We answered a few commonly asked questions to help you find the best provider for your needs.
About Melissa Wylie
- Department of Consumer and Business Services. "2022 Workers’ Compensation Premium Index Rates." Accessed May 5, 2023.
- Kansas Department of Labor. "Workers Compensation Division." Accessed May 5, 2023.
- Kansas Department of Labor. "Workers Compensation FAQs." Accessed May 5, 2023.
- U.S. Bureau Of Labor Statistics. "IIF Latest Numbers." Accessed May 5, 2023.
- U.S. Bureau Of Labor Statistics. "State Occupational Injuries, Illnesses, and Fatalities." Accessed May 5, 2023.