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The Advanced Insurance Management ® Online
Guide to Workers Compensation Insurance
Workers' Compensation is regulated by each state,
and the rules regarding this business obligation can
vary significantly. Most states utilize a system
where most employers purchase private insurance to
meet this statutory obligation, but some states
maintain a state-run fund that competes with private
insurance. A few states require employers to use
only their state fund and do not allow private
insurance. For the details on each state, check our
State by State directory.
If your company purchases Workers' Compensation
insurance, your premium is calculated according to a
certain format. Some of the fine details of that
format can vary from state to state, but there is
also a considerable degree of uniformity from state
to state regarding how premiums are calculated.
We've included on our website a number of pages
containing information about the details of that
general format:
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