To identify New Hampshire’s best workers' compensation insurance provider, MoneyGeek analyzed insurers and their rates, customer service record, online quote process and financial standing. biBERK emerged on top for its excellent performance in all categories.

New Hampshire enterprises obtain workers' compensation insurance to protect their businesses from potential financial and legal liabilities. If a worker is injured or becomes ill, this coverage will pay for medical expenses, missed salaries and possible legal actions.

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Best Workers’ Compensation Insurance in New Hampshire

Why Trust MoneyGeek? We collected 677 workers’ compensation insurance quotes and analyzed cost information alongside customer satisfaction and financial stability reports to determine the best workers’ compensation insurance companies for small businesses in New Hampshire.

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Coverage costs and company information for workers' compensation insurance providers in New Hampshire were last updated in 2023.

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6Companies Compared
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Best Workers’ Compensation Insurance in New Hampshire

According to MoneyGeek’s analysis, biBERK provides New Hampshire’s best workers’ compensation insurance. Outstanding ratings for financial stability and customer service helped biBERK outperform our runner-up provider, Pie.

Workers' compensation insurance from biBERK comes at an average monthly rate of $136, but your rates may vary depending on factors unique to your company.

How was this MoneyGeek score calculated?

biBERKBest Overall in New Hampshire




Customer Satisfaction


Financial Stability


Online Quote Process

Geek Quick Take
Geek Quick Take
  • Offers competitive monthly rates of $136
  • Provides outstanding customer service
  • Strong AM Best financial stability rating
More About biBERK

biBERK is a reputable provider of workers' compensation insurance for New Hampshire business owners. MoneyGeek’s analysis found that the customer service offered by biBERK is outstanding, as evidenced by the few complaints it receives from consumers. It also earned an AM Best financial stability grade of A++, meaning you can rely on this insurer to pay its claims promptly.

However, at an average monthly rate of $136, biBERK's rates are not the cheapest in New Hampshire. A business owner prioritizing affordability may want to look elsewhere.





Customer Satisfaction


Financial Stability


Online Quote Process

Geek Quick Take
Geek Quick Take
  • Provides the cheapest available average monthly rate of $100
  • Offers custom online quotes in less than 30 seconds
  • Poor customer satisfaction score
More About Pie

New Hampshire customers prioritizing affordability should consider Pie for their workers’ compensation insurance provider. This company offers the state’s most affordable rates at an average monthly cost of $100.

Pie offers online quotes in less 30 seconds, the fastest of any provider we reviewed. However, AM Best gave the company an A- rating for financial stability, which is lacking compared to its competitors. Our data analysis also found that this insurer performed the worst in the customer satisfaction category of our study.

The Hartford

Cheapest Workers’ Compensation Insurance in New Hampshire

Pie provides New Hampshire’s cheapest workers' compensation insurance policies, offering average monthly premiums of $100. Payroll and staff count have a significant impact on insurance costs. We used a sample business profile with 20 employees and $1,250,000 in annual payroll costs for this category.

MoneyGeek Top Pick

Pie is MoneyGeek's top choice for affordable workers' compensation insurance in New Hampshire, offering average monthly rates of $100.

Pie workers’ compensation insurance is ideal for entrepreneurs just starting out or for business owners looking to cut operating expenses. However, there is a trade-off between these low prices and quality customer service. This company earned the most customer complaints relative to other insurers we surveyed. Our research also found that its financial stability could be better, meaning it may not be the most prompt when paying policyholders’ claims.

View the table below for how MoneyGeek ranked insurance providers based on their average monthly premiums. Our data includes annual and monthly costs for insuring a New Hampshire business with 20 employees.

The cheapest provider for you may vary depending on factors unique to your business.

PieMonthly Cost$100Annual Cost$1,198
ThimbleMonthly Cost$118Annual Cost$1,294
biBERKMonthly Cost$136Annual Cost$1,533
NextMonthly Cost$155Annual Cost$1,864
The HartfordMonthly Cost$170Annual Cost$2,042
NationwideMonthly Cost$179Annual Cost$2,153

Best Workers’ Compensation Insurance for Micro Businesses in New Hampshire

biBERK is New Hampshire’s best workers' compensation insurance company for businesses with five employees. It charges an average monthly premium of $48.

A company’s total number of employees influences workers’ compensation insurance costs, although payroll expense is typically the most significant factor. By gathering quotes for a sample business with five employees and annual payroll costs of $312,500, we determined the best workers' compensation provider for micro businesses in New Hampshire. Micro businesses are enterprises with fewer than 10 employees.

MoneyGeek Top Pick

Based on MoneyGeek’s analysis, biBERK is New Hampshire’s best workers' compensation insurance provider for micro businesses. Employers should expect to pay an average monthly rate of $48. This rate is the second cheapest of the providers we examined in this category.

biBERK's online quote process is efficient, enabling you to access rates in less than 90 seconds. Its scant history of customer complaints demonstrates its excellent customer service record. You can also trust biBERK to reliably pay out claims to policyholders since it earned an A++ rating from AM Best for financial stability.

Best Workers’ Compensation Insurance for Midsize Businesses in New Hampshire

Offering average monthly rates at $610 for businesses with 100 employees, biBERK offers the best workers' compensation insurance for midsize New Hampshire companies.

Along with staff count, payroll expenses are important in determining workers' compensation costs. MoneyGeek gathered rates for a sample company with 100 employees and $6,250,000 in annual payroll expenses to identify the best workers' compensation for midsize companies in New Hampshire.

MoneyGeek Top Pick

biBERK outperforms its competitors in providing New Hampshire's midsized companies with workers’ compensation insurance. This insurer offers average monthly rates of $610 for businesses with 100 employees and $6,250,000 in payroll costs.

biBERK provides a quick online quote process, making it easy for customers to log on and compare rates. biBERK’s rates are pricier than other New Hampshire providers in our study, but its excellent customer service record and dependable financial backing ensure its top spot in our rankings.

How Much Is Workers’ Compensation Insurance in New Hampshire?

New Hampshire businesses with a staff of 20 pay an average monthly rate of $143 for workers’ compensation insurance. This rate is less than the national average of $168 monthly. Our sample policy includes the following limits:

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

The policy pays up to $1 million per incident and $1 million per affected worker. The policy covers these expenses up to the $1 million policy limit. Costs outside these limits must be paid out-of-pocket by the employer.

Some critical factors influencing insurance prices are the size of a company’s employee base and annual payroll expenses. The average cost of workers' compensation insurance in New Hampshire varies according to the company’s number of employees, as shown in the table below.

How was this cost calculated?

5Monthly Cost$53Annual Cost$605
20Monthly Cost$143Annual Cost$1,681
100Monthly Cost$588Annual Cost$6,914

Factors That Impact Workers’ Compensation Costs in New Hampshire

The cost of workers' compensation insurance can significantly vary across businesses. The most critical variables include the number of employees, payroll costs, previous claims, employee class codes and state regulations.

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    Payroll costs

    Most insurance providers charge a specific amount for every $100 of payroll. The rate is set at the state level and varies by industry. Businesses with higher-than-average payroll expenses will pay more for their employees. As of 2022, New Hampshire charges an average fee of $1.39 per $100 of payroll. This rate is the 18th most expensive in the country.

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    Number of employees

    Your insurance expenses may change significantly based on your number of employees. A large workforce has a higher risk of experiencing employee injuries or sickness at work, resulting in higher premiums for workers' compensation insurance.

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    Employee class code

    Insurers indicate the type of work an employee does by a class code; examples include consulting or manufacturing. This class code determines the fee for each $100 of payroll. If you work in an industry where injuries are more likely to occur (such as construction), your premiums will likely be higher than in an industry with fewer risks.

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    Previous claims

    Insurance providers consider past claims when determining prices. Insurers view businesses with a track record of claims as carrying a higher risk. The U.S. Bureau of Labor Statistics (BLS) reported more than two million nonfatal occupational illnesses and injuries in the private sector in 2021.

Do You Need Workers’ Compensation Insurance in New Hampshire?

New Hampshire requires employers with any number of employees to obtain workers' compensation coverage, whether they are full- or part-time. Workers who sustain illness or injury at work should receive benefits through workers' compensation insurance.

The New Hampshire mandate for workers' compensation does have exemptions. Some domestic and agricultural workers, independent contractors and real estate dealers may be excluded from this requirement.

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The severity of the offense and the specifics of the case can affect the penalty for failing to provide workers' compensation insurance in New Hampshire. The following penalties may apply:

  • Civil penalties: Contingent upon the offense, these sanctions may also include fines.
  • Stop-work orders: If a company doesn't offer workers' compensation insurance, the Department of Labor may issue a stop-work order.
  • Liability for damages: The injured worker's medical bills, missed wages and other costs may fall under the employer's responsibility.

These penalties demonstrate the importance of obtaining workers’ compensation insurance to protect your business’s future.

What Does Workers’ Compensation Insurance Cover in New Hampshire?

Workers who sustain harm or become ill during the course of their employment are entitled to many benefits under workers' compensation insurance. The employer is the policyholder, protecting the owners from liability when an employee injury occurs. The typical benefits provided by workers' compensation insurance are listed as follows:

  • Medical costs: Covers reasonable and necessary medical costs for treating illnesses or injuries sustained at work.
  • Disability benefits: During the term of the employee's disability, these benefits typically replace some of the lost wages.
  • Vocational rehabilitation: Workers' compensation may include vocational rehabilitation services to aid injured or ill employees in regaining their capacity to work.

Remember that depending on the insurance policy, coverage limits and types of expenses covered will vary.

Workers’ Compensation Insurance Resources for Employees in New Hampshire

The New Hampshire Department of Labor (NHDOL) is the agency in charge of regulating workers' compensation in New Hampshire. Workers’ compensation insurance-related issues are handled by the NHDOL's Workers' Compensation Division, including regulation, implementation and dispute settlement.

To file a claim and obtain benefits, New Hampshire workers must complete the following procedures:

  1. Report the illness or damage
  2. Obtain medical services
  3. Inform your employer
  4. Make a claim
  5. Participate in the claims procedure
  6. Evaluate and appeal if necessary

Note that different processes and laws may be applicable when filing a workers' compensation claim in New Hampshire, depending on the incident and the nature of the injury or illness.

Frequently Asked Questions About Workers’ Compensation Insurance in New Hampshire

Selecting the best workers' compensation insurance provider in New Hampshire is complicated. We answered the following frequently asked questions to help.

Which company has the best workers’ compensation insurance in New Hampshire?
Which company has the cheapest workers’ compensation insurance in New Hampshire?
Does New Hampshire require businesses to have workers’ compensation insurance?
How much does workers’ compensation insurance cost in New Hampshire?

About Melissa Wylie

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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.