Commercial insurance options
Or, quote another product
Idaho Workers' Compensation Insurance
Protect your business and employees with Idaho workers' comp
Idaho workers' compensation insurance provides financial and medical assistance to employees who experience job-related injuries or illnesses. It also ensures compliance with state laws and promotes a safer workplace for all.
Talk to a Progressive Commercial specialist to discover more about workers' comp in the Gem State.
Who needs workers' compensation insurance in Idaho?
Under Idaho workers' compensation requirements, businesses with at least one employee must have coverage. This insurance supports team members by providing medical care and compensation for lost income due to workplace accidents. It also helps meet the conditions of certain professional licenses and contracts.
Idaho workers' compensation insurance exemptions
Idaho workers' compensation exemptions apply to certain professions, including:
- Domestic household workers
- Sole proprietors, partners, LLC members, or corporate officers owning at least 10% of the company
- Jobs covered by federal laws
- Real estate agents and brokers paid by commission
Without insurance, your employees aren't protected from occupational injuries or illnesses. Even if Idaho workers' compensation laws exempt your business, having coverage can help protect your team and prevent possible legal issues.
What are the penalties for not having workers' comp in Idaho?
Employers who don't have workers' comp will have to pay employee benefits that a policy typically covers. They'll also be fined for the time without coverage and can even face criminal misdemeanor charges.
Learn more about the penalties for not having workers' comp in Idaho.
How much does workers' comp cost in Idaho?
Idaho workers' compensation rates depend on factors like:
- Job classification code: The National Council on Compensation Insurance (NCCI) assigns Idaho workers' compensation class codes to categorize jobs and determine insurance rates based on risk level.
- Payroll: Since rates are calculated per $100, a larger payroll means a higher workers' comp premium.
- Claims history: Your claims history influences what you pay for coverage, with more claims possibly increasing your rate.
- Insurance carrier: Rates may differ between providers because each has its own way of assessing risk and determining prices.
How can you get workers' comp in Idaho?
Consider these options for workers' compensation insurance in Idaho:
- Private insurers: Many businesses in Idaho choose private insurers for workers' comp because they deliver personalized coverage and extra benefits.
- Self-insurance: Another option is to apply for self-insurance through the Idaho Industrial Commission, which might lower workers' comp costs by allowing you to use your own funds to pay for claims. If you decide to self-insure, you'll need to handle financial risks and responsibilities on your own.
- Assigned risk pool: For companies that are new, high risk, or have a substantial claims history, getting private coverage or self-insurance can be difficult. These companies can get Idaho workers' compensation through the NCCI.
- State fund: The Idaho State Insurance Fund provides consistent coverage and benefits for employees. It helps manage costs while promoting fairness and efficiency.
Connect with a Progressive Commercial agent to review your options and find the right workers' comp policy for your business.
How does workers' comp work in Idaho?
Workers' comp insurance helps employees with injuries or illnesses related to their job. Once an accident is reported to the employer, either the employee or employer can submit a claim. If the claim is approved, the employee receives financial assistance.
Idaho workers' compensation benefits include:
- Medical expenses
- Disability benefits
- Lost wages
- Rehabilitation costs
Workers' comp provides essential support to employees in need and helps them get back to work. It also lowers the risk of lawsuits, since employees who receive benefits usually cannot take legal action against your business.
Idaho workers' comp death benefits
Idaho workers' compensation death benefits provide financial support to the spouse and dependents of deceased employees. These benefits help families manage expenses and maintain stability during a difficult time. They can include:
- Benefits for up to 500 weeks for unmarried spouses and up to three children until age 18
- Some funeral costs if the death occurs within four years of the injury
Idaho workers' compensation statute of limitations
There's no statute of limitations for workers' compensation in Idaho, allowing employees to file a claim regardless of how much time has passed since the injury occurred. It's still a good idea to encourage employees to report incidents promptly to ensure timely access to benefits.
Why choose Progressive Commercial for Idaho workers' compensation insurance
For more than 50 years, Progressive Commercial has been helping businesses like yours find the right insurance. Our exceptional service and competitive pricing make it easy to find a policy that meets your needs.
Call us to talk to an agent or start a quote online.
