Utah Workers Compensation Insurance: Quotes From $32/mo

Workers compensation Utah provides complete coverage for your employees’ safety and peace of mind. Utah worker’s compensation insurance helps your employees cope with occupational injuries and illnesses, which may be costly and disruptive. Medical, rehabilitation and lost wages are covered by this coverage, ensuring their financial security and recovery. Additionally, following state rules shows your commitment to workplace safety. Utah workers’ compensation insurance protects your business and employees from the unexpected, allowing everyone to focus on productivity and success.

What is Workers Compensation Insurance?

Utah workers comp insurance protects companies and employees against occupational injuries, diseases, and impairments. It shields companies from lawsuits and guarantees medical and pay compensation for employees. Utah workers compensation coverage provides compensation for permanent disability and survivor benefits for deceased employees. By providing this insurance, employers satisfy their legal obligations and protect their employees from the financial burdens of work-related accidents, creating a safer and healthier workplace.


When Do You Need to Get Workers Compensation Insurance in Utah?

With a few exceptions, employers in Utah are required to carry workers’ compensation insurance. The following conditions necessitate workers comp insurance in Utah.

  • If your company has one or more employees, it is legally required to carry workers’ compensation insurance. Even with a single employee, the requirement is triggered.

  • If you’re a Limited Liability Company officer and member. LLC officers and members are considered corporate workers in Utah. Unless excluded, they must carry Workers’ Compensation Insurance.

  • All construction businesses, including employers, subcontractors, and contractors, must have workers’ compensation insurance.whether you work alone or not.

  • If you are a sole proprietor or a partner. Sole proprietors and partners do not automatically receive Utah Workers’ Comp Insurance coverage. However, they have the option to participate in the coverage or decline it. They must obtain coverage accordingly if they choose to be insured.


What Government Agency Oversees Workers Compensation in Utah?

The Utah Labor Commission oversees workers’ compensation. Workers’ rights, workplace safety, and workers’ compensation are protected by it.    As the Utah workers compensation commission, it resolves disputes, enforces insurance compliance, promotes safety, establishes the medical fee schedule, and ensures that workers’ compensation awards are distributed correctly.

  • Workers’ compensation claims administration: The commission handles workers’ compensation claims. It guarantees prompt and adequate compensation for workplace injuries and illnesses.

  • Conflict resolution: The Labor Commission resolves workers’ compensation issues between companies, employees, and insurance carriers. It mediates and resolves disagreements.

  • Enforcement and compliance: Workers’ compensation rules are enforced by the Labor Commission. It oversees employer compliance with insurance coverage regulations.

  • Outreach and education: The Commission educates the public about workers’ compensation rights and obligations. It educates employers, employees, medical providers, and other stakeholders on workers’ compensation.

  • Workplace safety programs: Through Utah Occupational Safety and Health(UOSH), the Labor Commission promotes workplace safety and prevents workplace accidents and illnesses. UOSH inspects, trains, and enforces safety requirements to keep Utah workers safe.

  • Collecting and analyzing data: The commission gathers and evaluates workmen’s comp Utah claims, expenditures, and results. This data helps identify patterns, evaluate program efficacy, and make policy decisions.

  • Investigation and recommendations: The Labor Commission reviews employee compensation issues and improves system. It works with other stakeholders to identify areas for development and suggest changes that will benefit injured workers and employers.

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Which Businesses Are Exempt from Getting Workers Compensation Insurance in Utah?

Workmans comp in Utah is essential for ensuring the safety and well-being of employees in the workplace.  Based on the Utah Labor Commission’s guidelines, some businesses may be exempt. The following categories of Utah businesses are exempt from  workmans comp Utah insurance.

  • Independent contractors are usually exempt from workers’ compensation. Correctly classifying workers ensures they meet independent contractor requirements. Legal concerns and penalties may arise from misclassification.

  • Sole proprietorship in which the owner is also the sole employee of the company.

  • Partnership that consists of only the partners themselves and no additional staff members.

  • A corporation’s officers and/or board of directors. If it doesn’t subcontract and has only directors and officers, a corporation can file a notification to exempt itself from workers’ compensation payments. This exemption applies to up to five directors and managers.

  • LLC members may qualify for a tax exemption because LLCs are treated like partnerships.


How Much Money Does Utah’s Workers Compensation Insurance Give?

The workers’ compensation system in Utah protects both employers and employees. The State of Utah workers compensation program provides injured employees with medical care, wage replacement, and rehabilitation. The industry, type of work, payroll, employee classification, and employer claims history affect Utah workers compensation rates.

  • Permanent Partial Disability Benefits: Compensation must not be less than $45.00 per week plus $20.00* for a dependent spouse and $20.00* for each dependent child under the age of 18, up to a maximum of four dependent children, and must not exceed 66-2/3% of the employee’s average weekly wage at the time of the injury. A partial permanent disability award might be worth $753.00.

  • Temporary Total Disability Benefits: The compensation must be at least $45.00 per week, plus $20.00* for each dependent child under 18 who is also under the age of 18, up to a maximum of four, plus 66-2/3% of the employee’s average weekly income at the time of the injury. However, the compensation cannot be greater than the average weekly wage of the state. Payments for a partial permanent impairment may total $753.

  • Temporary and Total Disability Benefits: 66-2/3% of the employee’s average weekly salary, or a daily fraction thereof, at the time of injury, up to 100% of the state’s average weekly wage and $45.00 per week, plus $20.00 for a dependent spouse and $20.00 for each dependent child under 18, up to four. up to 100% of the state’s average weekly wage at the time of injury. Weekly compensation is limited to 312 weeks and 12 years following the injury. Temporary partial compensation may reach $1,130 per week. If an injured worker is on limited duty at a reduced rate, the three-day compensation waiting period does not apply. Compensation benefits cannot exceed 312 weeks at 100% of the state’s average weekly wage at the time of injury over 12 years. The state’s average weekly pay is $1130.00, the maximum temporary disability benefit.

  •  Temporary Partial Disability Benefits: If the injury results in temporary partial disability from work, the employee is entitled to the following weekly compensation: (a) 66-2/3% of the difference between the employee’s average weekly wages before the accident and the weekly wages the employee can earn after the accident, but no more than 100% of the state’s average weekly wage at the time of the injury; plus (b) $20.00* for a dependent spouse and $20.00* for each dependent child under the age. Weekly payments are restricted to 312 weeks and 12 years after the injury. Temporary partial compensation might be worth up to $1130 per week. The three-day compensation waiting time does not apply if an injured worker is placed on limited duty at a reduced rate.

  • Permanent Total Disability Benefits: The employee is entitled to a permanent total disability payment for the first 312 weeks equal to up to 85 percent of the state’s average weekly wage plus 66 and two-thirds percent of the employee’s average weekly wage at the time of the accident. The minimum weekly compensation is $45.00, plus $20.00 for a dependent spouse and $20.00* for each dependent child under 18, up to a maximum of four dependent minor children. In addition, it cannot exceed 85 percent of the employee’s or the state’s average weekly wage at the time of the injury.. The minimum weekly compensation rate will be 36% of the state average weekly wage, rounded to the closest dollar, after 312 weeks. Maximum permanent total benefits are $961.00 per week. 

  • Medical Expenses: All medical costs are covered by industrial accidents and diseases. If medical expenses are disclosed to the insurance carrier/employer within one year of treatment and are related to the workplace injury or disease, all compensable injuries receive lifetime medical care.

  • Death Benefits: Dependents of a deceased worker receive 66-2/3% of the deceased worker’s average weekly salary. Each dependent child under 18 receives $100, and each accompanying dependent receives $20. The maximum award is 85% of the employee’s or state’s average weekly wage during the disaster.  The weekly maximum in 2022 is $961.00.The weekly minimum is $45.00, with an additional $20.00 for each dependent. Benefits are paid for 312 weeks. After 312 weeks, Social Security death benefits can be reinstated with a 50% reduction and reliance. Remarried spouses receive 52 weeks of fixed pay or the remainder of the award. Survivors under 18 will receive care and maintenance benefits.

  • Burial Benefits: Most employers or insurers pay up to $10,000. Extraordinary circumstances may necessitate additional payments, either voluntarily by the employer/carrier or by decision of the Commission.

  • Occupational Disease Benefits: Generally, compensation is identical to that derived from accidents.

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How Long Will an Employee Wait Before Receiving Benefits?

According to Utah law, you will not be paid for your first week of eligibility. The current week is known as the waiting week. To establish your claim and receive waiting week credit, you must file for this week and satisfy all eligibility requirements. 

If you meet all eligibility requirements and file your claim each week, you should receive your first unemployment payment approximately three weeks after filing your initial claim. Payments are not made weekly on the same day. Failure to receive payments or a letter of disqualification requires that you sign into your “my employment” account at jobs.utah.com, select our Live Chat option, or contact the CARE Team. 


Penalties for Not Getting Workers Compensation in Utah

The Industrial Accidents Division ensures that all state employers comply with the law requiring them to provide Utah workmans comp insurance. Employers who may be breaking the law will be investigated.

Penalties for violating workers’ compensation regulations can be severe. 

  • Minimum fines are $1,000

  • Injunctions prohibiting the continued operation of a business

  • Loss of the protection of the “exclusive remedy,” which means an injured worker can prosecute the employer and its employees for damages in court. Obtaining workers’ compensation insurance is significantly less expensive

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Utah Workers Compensation Insurance Cost

Workers compensation Utah is $66 per month or $792 per year. The type of business, number of employees, and industry categorization affect Utah workers’ compensation coverage costs. A thorough Utah worker’s compensation policy can protect a company’s finances while covering employee injuries and illnesses. Below are the average premiums charged by some of Utah’s top providers of workers’ compensation insurance:

 

Cost per Month Cost per Year Best for
NEXT $32 $384 Best overall; Fastest worker’s compensation insurance
Hiscox $41 $492 Businesses with specialized risks
Thimble $53 $636 Small businesses and independent contractors
CoverWallet $78 $936 Comparing worker’s compensation insurance quotes online
The Hartford $88 $1,056 Expertise in the industry
Tivly $103 $1,236 Comparing workers compensation insurance quotes over the phone

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Best Utah Workers Compensation Insurance Companies

Some insurance companies have a strong presence in Utah and offer workers’ compensation insurance. Here are a few that were well-known and had solid reputations:


NEXT

Pros

  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest worker’s compensation insurance

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

  • Get a 10% discount if you buy two or more policies 

Cons
  • Couldn’t find any

NEXT is a one-stop insurance agency designed to meet the unique insurance needs of enterprises. This natively digital company was founded in 2016 and provides various insurance solutions tailored to the dynamic startup environment. NEXT Insurance offers workers’ compensation policies to a variety of modest businesses. 

Best for: Best overall; Fastest worker’s compensation insurance

Average cost: $32 per month

Our rating:  10/10


CoverWallet

Pros

  • CoverWallet can compare multiple workers’ compensation insurance providers simultaneously

  • Provides competitive pricing offered without obligations

  • They are extremely well-organized and dependable

Cons

  • Online quotations are sometimes delayed, which may not be ideal for small businesses seeking to move fast

CoverWallet offers workers’ compensation insurance as part of the comprehensive range of insurance products and services it offers in collaboration with a large network of other insurance firms. They provide personalized consulting and insurance-based solutions to businesses of all sizes and industries.


Best for: Comparing workers compensation insurance quotes online 

Average cost: $78 per month

Our rating:  9/10


The Hartford

Pros

  • A quick and simple online quotation generator can deliver pricing information in less than 10 minutes

  • Over two centuries of trustworthiness as an insurance provider

  • Wide range of applications; can supply services to firms in almost every industry

Cons

  • Their policies may not be customized to individual organizations, limiting their flexibility

The Hartford offers workers’ comp. As experienced providers, they recognize the need to protect individuals and businesses from financial hardships caused by work-related accidents or illnesses. Injured Hartford workers’ compensation insurance covers medical costs, rehabilitation, and lost earnings. The Hartford’s expertise and service make it safer to get your workmen’s compensation Utah.


Best for: Expertise in the industry

Average cost: $88 per month

Our rating: 8/10


Tivly

Pros

  • They offer real-time analytics to enhance the consumer experience as a whole

  • It is simple to communicate with the company, obtain answers to specific policy inquiries, and make prompt decisions due to its efficient customer service

Cons

  • You need to talk to a representative to obtain quotes 


Tivly is a provider of digital business insurance services that connects enterprises seeking coverage with insurance providers. The company offers workers’ compensation insurance via marketing and insurance technology services, as well as live consumer assistance and interaction, allowing clients to increase efficiency, maximize conversations, and generate revenue. Call and talk with a representative to compare quotes over the phone. 


Best for: Comparing workers compensation insurance quotes over the phone

Average cost: $103 per month

Our rating: 9/10


Thimble

Pros

  • Thimble’s on-demand coverage lets businesses purchase insurance by the hour, day, or month to match project timetables or unforeseeable labor schedules

  • Have an online platform that makes quoting, buying, and managing policies easy for policyholders

  • Provides insurance coverage that can be tailored to the needs and hazards of various industries and business sizes

Cons

  • Thimble’s on-demand coverage is only suitable for short-term projects or ongoing activities that require steady coverage

Thimble is an insurance company that offers on-demand and flexible insurance coverage to small businesses and independent freelancers. Thimble specializes in short-term, hourly, and project-based insurance products, allowing businesses to receive coverage for specific periods or activities.


Best for: Small businesses and independent contractors

Average cost: $53 per month

Our rating: 9/10


Hiscox

Pros

  • Provides insurance coverage and protection that can be tailored to the needs of enterprises of any size.

  • Their customer service is commendable, making them a good choice for those looking for workers compensation insurance.

Cons

  • You may need to collaborate with multiple providers to obtain comprehensive protection for your business.

Hiscox continues to be recognized as one of the most trustworthy insurance firms in the United States. The organization has received several accolades for its exceptional customer service, commercial insurance policies, and effective collaboration. Hiscox also provides various coverage options tailored to specific industries, such as workers’ compensation insurance.


Best for: Businesses with specialized risks

Average cost: $41 per month

Our rating:  8/10

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