Workers’ Compensation Insurance
Workers’ Compensation Insurance (workers' comp insurance) can help protect employees from the serious costs of work-related injuries while also helping shield employers from claim costs that could put their business operations at risk.
Do you know how much companies pay for employee injury costs each week? OSHA estimates it’s nearly $1 billion. In the U.S., we experience a work injury every seven seconds. That’s 4.26 million workplace injuries each year. Additionally, The National Safety Council estimated that work-related deaths and injuries cost the nation, employers and individuals $171 billion in 2019.1
In addition to covering medical benefits and wage replacement for employees injured on the job, workers' comp insurance can provide benefits to dependents of employees fatally impacted by work-related incidents and help mitigate litigation, including civil suits brought against employers by injured workers.
Why choose Zurich for workers’ compensation insurance?
We understand your company’s workforce is the backbone to keep the business operating. Our solutions go beyond insurance and may include a risk management strategy focused on worker safety to help reduce injuries and their impact on your business. In addition, Zurich has the regional knowledge to take on the challenges of workers’ compensation regulations that vary from state to state, so you can focus on running your business.
Zurich provides a number of coverage and policy options, including Guaranteed Cost, Large Deductible, Self-Insured Retention (SIR) and other loss-sensitive programs, allowing us to customize our offering to the client’s specific coverage and financial requirements.
Workers' Compensation Solutions
Essential coverage
Zurich provides Workers' Compensation Insurance in all non-monopolistic jurisdictions, and through our Stop-Gap coverage and global capabilities, we can offer service no matter where your employees work. From medical care for injured workers to wage-loss replacement to employers’ liability provisions, we can help provide the protection you and your workforce require.
Medical management
You want employees who are hurt on the job to get the care they need. You also want to keep medical-related costs under control and stay on target for return-to-work goals. We have specialists and programs in place to help meet all these needs. With customer-focused services like Workplace Injury Triage and Narcotic Evaluation, we work with you to ensure the right treatment and accurate billing.
Casualty Risk Management Services
Properly planned and executed casualty risk management can help limit potential impacts, losses and third-party actions related to those risks. Zurich Resilience Solutions’ Casualty professionals work with your business to stay on top of potential liability exposures.
Casualty Risk Management Services
Workers’ Compensation Health and Safety Risk Management Brochure
Risk insights
Reducing your risk means understanding it. Zurich’s Risk Engineering team offers tools and training that address some of the most common factors that lead to injuries on the job. Whether it’s slip, trip and fall safety guidance or raising awareness on best ergonomic office practices, our specialists will help empower your people to know the actions they need to take to stay safe.
Zurich Workers’ Compensation Flexible Payroll Reporting Option
This option enables you to manage your cash flow while minimizing the uncertainty often associated with annual workers’ compensation premiums.
FAQs
Workers’ Compensation Insurance is purchased by the employer at no cost to the employee. Should an employee become injured or ill as a result of their employment, Workers’ Compensation coverage would provide benefits for their medical treatment and associated expenses, indemnity benefits for lost wages, and death benefits should the injury or illness prove fatal. Coverage and benefit levels are determined by each individual state’s Workers’ Compensation statutes and may vary from one state to the other.
In nearly all jurisdictions, employers who carry Workers’ Compensation coverage are also protected from civil action through what is known as “exclusive remedy,” where employees are prohibited from suing their employer if receiving Workers’ Compensation benefits.
Related industry and insurance
1. U.S. Department of Labor/Occupational Safety and Health Administration. “Business Case for Safety and Health.” Accessed 23 January 2024./
2. “Workers’ Compensation Laws By State (2024 Guide).” Forbes Advisor. 21 November 2022.