NEXT offers Vermont's best workers' compensation insurance, 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.
Workers' Comp Insurance in Vermont
NEXT tops our analysis as the best workers' comp insurance provider in Vermont with a 4.61 out of 5 overall score.
Compare top Vermont workers' comp insurance providers and find your ideal coverage.
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Updated: October 29, 2025
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Key Takeaways for Workers' Comp Insurance in Vermont
NEXT, Simply Business and The Hartford lead Vermont's workers' comp insurance market with the highest overall ratings.
Your Vermont business's ideal workers' comp provider depends on your specific risk level, number of employees, past claims and available budget.
Compare insurance quotes, review each provider's industry expertise, examine their service record and analyze coverage details to find the right workers' comp insurance in Vermont.
Find Insurance for Your Business
Select your industry and state to get a customized quote.
Industry
State
Best Workers' Comp Insurance Companies in Vermont
| NEXT | 4.61 | $66 |
| The Hartford | 4.53 | $67 |
| Simply Business | 4.53 | $69 |
| Coverdash | 4.46 | $70 |
| biBERK | 4.44 | $72 |
| Nationwide | 4.43 | $78 |
| Progressive Commercial | 4.40 | $69 |
| Hiscox | 4.37 | $69 |
| Thimble | 4.35 | $67 |
| Chubb | 4.28 | $81 |
How Did We Determine These Rates and Rankings?
These rates are estimates based on MoneyGeek's analysis of small businesses with two employees across 79 major industries. Actual rates vary based on your business location, industry risk factors, claims history, coverage limits and individual insurer underwriting criteria. Contact insurers directly for personalized quotes.
LEARN MORE ABOUT BUSINESS INSURANCE IN VERMONT
Vermont businesses often need more than just workers' compensation insurance. Find other types of coverage that can safeguard your business:
Best Vermont Workers’ Comp Insurance Reviews
NEXT and Simply Business are the best workers' compensation insurance providers in Vermont, offering exceptional coverage for business owners with workers' comp requirements.
NEXT
Best Overall Provider
MoneyGeek Rating
4.6/ 5
4.4/5Affordability
4.7/5Customer Experience
4.8/5Coverage Options
Average Monthly Premium
$66We analyzed thousands of workers' compensation quotes from insurers operating in Vermont across 79 industriesOur Survey: Claims Process
3.9/5Rating based on customer satisfaction with claims handlingOur Survey: Recommend to Others
4.8/5Likelihood customers would recommend this provider
The Hartford
Runner-Up Best Provider
MoneyGeek Rating
4.5/ 5
4.3/5Affordability
4.6/5Customer Experience
4.7/5Coverage Options
Average monthly premium
$67Based on our analysis of state rate filings and premium dataOur survey: Claims process
4.5/5Rating from MoneyGeek's independent customer satisfaction surveyOur survey: Recommend to others
4.5/5Percentage of current customers who would recommend The Hartford
Cheapest Workers' Comp Insurance Companies in Vermont
Vermont businesses can secure the cheapest workers' comp insurance from 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:
| NEXT | $66 | $797 |
| The Hartford | $67 | $799 |
| Thimble | $67 | $808 |
| Progressive Commercial | $69 | $823 |
| Simply Business | $69 | $824 |
| Hiscox | $69 | $825 |
| Coverdash | $70 | $837 |
| biBERK | $72 | $862 |
| Nationwide | $78 | $931 |
| Chubb | $81 | $976 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on workers’ comp policies. Your actual premium depends on where your business is located, what industry you're in, how many employees you have, and other factors insurers consider.
Average Cost of Workers’ Comp Insurance in Vermont
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.
Average Cost of Workers' Comp in Vermont by Industry
In Vermont, workers' comp insurance cost varies 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.
| Accountants | $20 | $235 |
| Ad Agency | $15 | $183 |
| Auto Repair | $146 | $1,751 |
| Automotive | $112 | $1,343 |
| Bakery | $52 | $619 |
| Barber | $14 | $163 |
| Beauty Salon | $14 | $167 |
| Bounce House | $39 | $463 |
| Candle | $38 | $461 |
| Cannabis | $80 | $964 |
| Catering | $71 | $847 |
| Cleaning | $46 | $557 |
| Coffee Shop | $45 | $537 |
| Computer Programming | $27 | $327 |
| Computer Repair | $23 | $274 |
| Construction | $173 | $2,077 |
| Consulting | $29 | $348 |
| Contractor | $159 | $1,909 |
| Courier | $218 | $2,615 |
| DJ | $14 | $162 |
| Daycare | $13 | $155 |
| Dental | $11 | $128 |
| Dog Grooming | $62 | $750 |
| Drone | $26 | $309 |
| Ecommerce | $21 | $250 |
| Electrical | $55 | $661 |
| Engineering | $37 | $438 |
| Excavation | $102 | $1,226 |
| Florist | $58 | $699 |
| Food | $41 | $487 |
| Food Truck | $44 | $523 |
| Funeral Home | $26 | $311 |
| Gardening | $45 | $540 |
| HVAC | $60 | $721 |
| Handyman | $90 | $1,084 |
| Home-based | $10 | $117 |
| Hospitality | $66 | $795 |
| Janitorial | $47 | $559 |
| Jewelry | $29 | $344 |
| Junk Removal | $135 | $1,617 |
| Lawn/Landscaping | $36 | $436 |
| Lawyers | $51 | $610 |
| Manufacturing | $57 | $678 |
| Marine | $146 | $1,751 |
| Massage | $14 | $168 |
| Mortgage Broker | $13 | $161 |
| Moving | $254 | $3,046 |
| Nonprofit | $30 | $363 |
| Painting | $134 | $1,610 |
| Party Rental | $35 | $421 |
| Personal Training | $24 | $288 |
| Pest Control | $68 | $812 |
| Pet | $30 | $359 |
| Pharmacy | $6 | $73 |
| Photography | $16 | $197 |
| Physical Therapy | $7 | $79 |
| Plumbing | $62 | $745 |
| Pressure Washing | $80 | $960 |
| Real Estate | $29 | $346 |
| Restaurant | $60 | $718 |
| Retail | $33 | $402 |
| Roofing | $805 | $9,656 |
| Security | $50 | $600 |
| Snack Bars | $42 | $503 |
| Software | $25 | $304 |
| Spa/Wellness | $17 | $201 |
| Speech Therapist | $6 | $70 |
| Startup | $13 | $150 |
| Tech/IT | $26 | $316 |
| Transportation | $220 | $2,640 |
| Travel | $7 | $82 |
| Tree Service | $213 | $2,550 |
| Trucking | $259 | $3,107 |
| Tutoring | $10 | $115 |
| Veterinary | $19 | $224 |
| Wedding Planning | $27 | $328 |
| Welding | $113 | $1,354 |
| Wholesale | $38 | $460 |
| Window Cleaning | $200 | $2,398 |
How Much Workers' Comp Insurance Do I Need in Vermont?
In Vermont, most employers must get 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.
Unless you qualify for a workers' comp exemption, you'll face fines of up to $100 per day if you fail to maintain proper coverage, and employers could face criminal charges for willful violations.
Sole proprietors
Self-employed business owners can typically opt out of carrying workers' comp coverage for themselves while still needing it for any employees.
Corporate officers
Executive officers owning at least 25% of company shares may exempt themselves by filing a written waiver with proper documentation.
Independent contractors
Workers who maintain control over their work methods and schedule often qualify as independent contractors exempt from mandatory coverage.
Domestic workers
Household employees working fewer than 40 hours per week or earning below $750 per quarter may be exempt from coverage requirements.
Agricultural workers
Small farms with limited seasonal workers or family members often qualify for exemption from mandatory coverage rules.
Real estate agents
Licensed real estate professionals working on commission typically qualify as independent contractors exempt from coverage.
Professional athletes
Athletes in certain professional sports leagues may be covered under separate injury protection agreements instead of standard workers' comp.
Remote workers
Telecommuting employees based in other states may be exempt if covered under their primary work location's compensation laws.
How to Get the Best Workers' Comp Insurance in Vermont
While getting workers' comp insurance in Vermont might seem daunting, affordable coverage options are available to protect your team while keeping the cost of insurance for small business in check. Start by comparing quotes from multiple providers, reviewing their coverage details and understanding their claims handling processes to get business insurance that matches your needs.
- 1Check coverage requirements
Most Vermont businesses must have workers' comp insurance when they hire employees.
- 2Collect business data
Get your payroll records, employee count, and job classifications ready before requesting quotes for business insurance in Vermont.
- 3Get multiple insurance quotes
Contact at least three insurance providers to find cheap business insurance. Vermont insurance rates can vary between carriers for the same coverage level.
- 4Find industry-specific experience
Select insurers who understand your business and Vermont's regulations. Ask them about the types of business insurance coverage that your industry needs beyond workers' compensation.
- 5Compare provider quality
Look at each insurer's claim processing time and complaint history. Consider extra benefits like workplace safety programs and injury prevention resources.
- 6Review policy details
Examine coverage limits and exclusions carefully. Consider pay-as-you-go workers' comp for better cash flow management.
- 7Schedule annual reviews
Review your coverage yearly. Updates to payroll, employee count or operations can impact your premium costs.
Vermont Workers’ Comp: Bottom Line
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.
Vermont Workers' Comp Insurance: FAQ
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.
Is workers' comp insurance required for all Vermont businesses?
Vermont law requires businesses with employees to carry workers' compensation insurance. Sole proprietors, independent contractors and certain corporate officers can opt out of coverage.
How much does workers' comp insurance cost in Vermont?
NEXT offers the most affordable workers' comp insurance in Vermont at $66 per month ($797 annually). Your final premium will depend on your business's industry risk level, number of employees, payroll size and claims history.
What does workers' comp insurance cover in Vermont?
Vermont workers' compensation insurance covers medical expenses and lost wages for work-related injuries or illnesses. Benefits include necessary treatments, rehabilitation, partial wage replacement and death benefits. The coverage protects employers from lawsuits and applies to employees, while independent contractors need separate policies.
Which workers' comp insurance company is best in Vermont?
NEXT leads Vermont's workers' comp providers with a 4.61 overall score, excelling in customer service (4.7) and comprehensive coverage options. Simply Business follows at 4.53, offering the broadest coverage selection (4.9), while The Hartford (4.53) distinguishes itself with strong customer support.
What happens if I don't have workers' comp insurance in Vermont?
Operating without workers' compensation insurance in Vermont is illegal and carries severe penalties. The Vermont Department of Labor can fine businesses for noncompliance and shut down operations.
Do sole proprietors need workers' comp insurance in Vermont?
Sole proprietors in Vermont aren't required to carry workers' compensation insurance unless they work in specific high-risk industries like construction or roofing.
How do I choose the right workers' comp insurance company in Vermont?
Get quotes from at least three workers' compensation insurance providers in Vermont to compare coverage and rates. Look for insurers with experience in your industry sector, particularly for high-risk fields. Review each company's claims handling process, customer satisfaction scores and complaint records with Vermont's Department of Insurance before making your decision.
How We Scored the Best Workers' Comp Insurance Companies in Vermont
- 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.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.