Workers’ Compensation Insurance in Hickory, NC

Workers’ compensation insurance can help cover costs related to work-related injuries or illnesses, typically including medical expenses, rehabilitation costs and lost wages.

If you’re looking for guidance tailored to your specific business, contact Davis Insurance Group.

Cost Factors for Workers’ Compensation Insurance

The cost of workers’ compensation insurance depends on several factors. One of the most influential is the type of work your employees do. For example, a construction business may have different pricing than a retail store due to the higher likelihood of injuries on job sites. That doesn’t mean one type of business is risky in every situation—it just means that different roles are assessed differently when calculating premiums.

The number of employees you have also plays a role in what you pay. More employees typically lead to higher total premiums, though the rate per employee can vary depending on the specific duties of each role.

Your company’s location is also important. Since North Carolina sets its own rules and rates for workers’ compensation, your premium may differ from what a similar business pays in another state.

Your company’s past claim history can also influence pricing. If you’ve had several incidents over the years, that history could result in a higher quote.

How to Get Appropriate Coverage

In North Carolina, businesses must follow state-specific regulations regarding workers’ compensation. That includes understanding when coverage is required and what qualifies as a work-related incident. The process of securing workers’ compensation insurance starts with evaluating your current situation—what type of work your employees do, the number of team members on your payroll and your overall business environment.

Once you’ve identified your needs, it’s time to speak with a knowledgeable provider. Contact Davis Insurance Group for a personalized workers’ compensation quote.