Just like other types of insurance, most states require small businesses to have workers’ compensation insurance. The process for finding quotes is also similar, as small businesses looking for workers' compensation insurance are generally looking for the lowest price.
If it's your first time shopping for workers' comp, you might be confused about getting started or nervous about what it might cost. If you already have it, you might be unhappy with the cost or processes of your current carrier.
CSI Accounting & Payroll has worked with small businesses for over 50 years, so we know how many owners feel when they’re looking for workers’ compensation. Our insurance partner takes the weight off your shoulders by finding you the best quote from a range of carriers. Small business owners have asked us:
- How do I get a quote?
- What details do I need to provide to get a quote?
- How do I get matched with the best quote for me?
Getting a Workers’ Compensation Insurance Quote
There are several different places to find workers’ compensation insurance. If you work with a payroll service, they may partner with a provider like CSI Accounting & Payroll does.
During your onboarding meetings at CSI, we review your business’s situation. That's when workers’ compensation insurance would likely come up, although you can bring it up with your contact at any time. At CSI, your dedicated payroll specialist who is your main point of contact. You can contact them directly on their phone line or email at no additional cost to you. If you decide that you’re ready to discuss or sign up for workers’ compensation insurance, it’s easy to get in touch!
Don’t forget to ask us about Pay As You Go workers’ compensation, which is a newer option that collects the exact premiums owed each payroll. This means annual workers' compensation insurance audits generally don’t involve you as the employer, and you don’t need to adjust payments for overestimating or underestimating annual wages paid.
After you let us know that you’re interested in getting a quote for workers’ compensation insurance, we’ll pass on your contact information to our workers’ compensation insurance partner. They’ll be in touch with you shortly to request the rest of the information they need to get you a quote.
What Details You Need to Provide to Get a Quote
CSI’s workers’ compensation insurance partner will generally ask you for the following details to get you a quote:
- Business name
- FEIN
- Address
- Ownership
- Estimated payroll
- Years in business
- Detailed Business description
- If employees work from home
- Safety program
- Website address
Additional questions may be asked, depending on the business type.
How You Get Matched with a Quote
After you provide the details above, you will be matched with the best quote for your business depending on the following details:
- Price. You will only be shown the lowest quote from a carrier that your business is eligible for.
- Your business type. Some carriers only write for certain business types.
- Ease of use. Some carriers are easier to work with in terms of doing endorsements, audits, and reinstatements, and our partner tries to place clients with them the most often.
Get Your Best Quote From Your Payroll Service
Whether it’s your first time looking for workers’ compensation insurance or you need a new carrier, you’re generally looking for the lowest price. It can be nerve-wracking and confusing to find a good deal!
Now that you’ve figured out how to get started, what details you need to provide, and how you get matched with the best quote, you’re ready for the next step. Let’s discuss how our payroll service can assist you with getting workers’ compensation insurance! Click the button below for a free consultation.
If you’re not ready to make that jump, be sure you know what a payroll service costs first:
