Commercial insurance options
Or, quote another product
Minnesota Workers' Compensation Insurance
Protect your business and employees with Minnesota workers' comp
Minnesota workers' compensation insurance helps businesses in the Land of 10,000 Lakes support employees after on-the-job accidents. It covers medical expenses and lost wages so your staff can focus on getting better before coming back to work. Having workers' comp coverage is also an important way to follow the law and reduce liability.
You can feel good about getting Minnesota workers' compensation through Progressive Commercial. Learn more about workers' comp and see how our insurance experts can connect you with a policy you can trust.
Who needs workers' compensation insurance in Minnesota?
Most Minnesota employers need workers' comp coverage, even if they only have one employee. This law applies to part-time workers, too.
Minnesota workers' compensation insurance exemptions
Some North Star State businesses don't need workers' comp insurance because of how they're organized or who they employ. Exemptions to Minnesota workers' compensation rules can include:
- Limited liability companies (LLCs)
- Sole proprietorships
- Businesses that hire only casual workers or immediate family members
Depending on their occupation, certain independent contractors can also be excluded from these laws. If you're not sure if you need coverage, you can speak to an insurance agent for more information.
What are the penalties for not having workers' comp in Minnesota?
The state Department of Labor and Industry can issue fines and penalties for failing to insure. For example, businesses that don't follow Minnesota workers' compensation laws might have to pay up to $1,000 per employee for each week without coverage.
How much does workers' comp cost in Minnesota?
Minnesota workers' compensation rates are based on things like:
- Job classification: Minnesota workers' compensation class codes evaluate jobs based on overall risk.
- Payroll: Your premium is typically calculated per $100 of your company's total payroll, which includes salaries, bonuses, and other benefits. A high payroll can mean a more expensive policy.
- Claims history: Businesses with a history of workers' comp claims might have a higher insurance rate. You can reduce costs with a good safety record.
- Insurance carrier: Some Minnesota workers' compensation insurance companies might look at risk and other factors differently, which can affect cost.
How can you get workers' comp in Minnesota?
You can get Minnesota workers' compensation insurance three ways:
- Private insurers: Many businesses choose to get workers' comp from private insurers. These companies can tailor policies and benefits to you. Ask about your options when you start a quote.
- Self-insurance: Employers can apply for individual or group self-insurance in Minnesota. This option can help businesses save on monthly payments, but they'll need to show that they have enough money to cover workers' comp claims.
- Assigned risk pool: Businesses that can't get insurance another way can apply for workers' comp through the Minnesota Workers' Compensation Insurers Association (MWCIA).
How does workers' comp work in Minnesota?
Workers' comp insurance helps Minnesotans get necessary care after they get hurt at work. After your employee tells you what happened, you'll have 10 days to file a First Report of Injury. If the claim is approved, the employee will start receiving financial support.
Minnesota workers' compensation benefits include:
- Medical expenses
- Disability benefits
- Lost wages
- Rehabilitation costs
This insurance supports your business, too. It provides a structured process for dealing with injury disputes, and it protects employers from lawsuits because employees who accept workers' comp usually can't sue.
Minnesota workers' compensation statute of limitations
The Minnesota statute of limitations on work-related injuries is three years from the date the employer filed the First Report of Injury, but no more than six years from the accident.
Minnesota workers' comp death benefits
If a person dies because of their job, their family might be eligible for Minnesota workers' compensation death benefits, such as:
- Payments up to 67% of their average weekly wage
- Burial expenses up to $15,000
This support can give an employee's spouse and dependents more financial security, which allows them to focus on their healing after a difficult loss.
Why choose Progressive Commercial for Minnesota workers' comp
Progressive Commercial has decades of experience helping business owners protect what they've built. Our customers come first, and we're dedicated to offering insurance that helps you move forward and live fully.
Get a Minnesota workers' compensation policy you can trust. Start a quote today.
