Workers Compensation for Employers


Workers’ Compensation Insurance (Work Comp) is a policy that provides coverage for employees of a business in the event that they are injured at work or have a work related illness. Workers Compensation is a "no fault" coverage ~ meaning, the employee or employer does'nt have to be "at fault" for a valid claim to exist.  Your employee could be hurt of no fault of your own and, if no Workers Compensation coverage exists, your other policies do not respond to this occurence.  Work Comp coverage includes income benefits to pay employees lost wages, medical benefits, burial benefits and death benefits.


Work Comp insurance is available in all 50 states and is regulated by each state. There are four Monopolistic states where the state sets rates and operates a state administered workers’ compensation fund: Ohio, North Dakota, Washington and Wyoming. The State of Texas does not require private employers in to carry Work Comp coverage. However, many business owners opt to secure this optional coverage due to the rise in employee lawsuits to employers for work place accidents. 


Work Comp coverage premiums are based upon several factors including: type of business, occupation, loss history and deductible. Premiums are charged as a rate per $100 of payroll.


TWFG represents a number of companies that offer Work Comp coverage. It is important that the policy and coverage you select matches your business needs. By working with an experienced TWFG agent you can avoid gaps in coverage and determine which company and policy is right for your business.