Workers' Comp Insurance in Vermont

NEXT leads Vermont's workers' comp insurance market with good customer service and comprehensive coverage options. Vermont business owners can also count on Simply Business and The Hartford, which offer equally strong protection with comparable service quality.

NEXT and Simply Business emerge as the best workers' compensation insurance providers in Vermont, offering exceptional coverage for business owners.

Vermont businesses can secure cheap workers' comp coverage through NEXT at $66 monthly ($797 annually). The Hartford and Thimble offer competitive alternatives at $67 per month each, with minimal price differences between providers. The table below shows costs from all companies we analyzed:

Workers' compensation insurance in Vermont costs businesses an average of $71 per month or $848 annually. Vermont's rates run $3 below the national monthly average of $74. Your business's actual premium depends on several factors, including your industry's risk level, number of employees, annual payroll and claims history.

In Vermont, workers' compensation insurance costs vary by industry. Speech therapists pay the lowest premiums at $6 per month, while roofing businesses face monthly costs of $805. This substantial difference reflects the varying workplace injury risks across different professions in Vermont.

In Vermont, most employers must carry workers' compensation insurance as soon as they hire their first employee. This insurance covers medical expenses and lost wages if workers get injured or become ill due to their job. 

Businesses that fail to maintain proper coverage face fines of up to $100 per day, and employers could face criminal charges for willful violations.

While getting workers' comp insurance in Vermont might seem daunting, affordable coverage options are available to protect your team while keeping business insurance costs in check. Start by comparing quotes from multiple providers, reviewing their coverage details and understanding their claims handling processes.

Vermont business owners have access to several outstanding workers' compensation insurance providers. Our analysis shows NEXT, Simply Business and The Hartford leading the market for quality coverage and service. Compare quotes from these providers to find the best fit for your company's specific industry, size and financial requirements.

Many Vermont business owners find workers' comp insurance requirements and pricing complex to navigate. Find answers to your most common questions in our comprehensive FAQ guide below.

• Affordability (50%): Cost drives every small business insurance decision in Vermont'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, Vermont 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 Vermont 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.