Updated: December 19, 2024
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We analyzed cost, customer service ratings and financial stability to determine Kansas’ best workers’ compensation insurance providers. Based on these factors, we found that The Hartford offers the best coverage.
Business owners benefit from this coverage to protect their businesses and employees in case of work-related illnesses and injuries. The state also requires businesses to have workers’ compensation insurance if they don’t qualify for an exemption.
Based on the analysis of cost, customer service ratings, and financial stability, The Hartford is identified as the best workers' compensation insurance provider in Kansas. They have achieved a MoneyGeek score of 99 out of 100. This high rating indicates exceptional offerings in terms of coverage and customer satisfaction.
Ranking:
- The Hartford ranks as the top provider for workers’ compensation insurance in Kansas according to the study conducted.
Average Monthly Premium:
- Businesses with 20 employees and an annual payroll cost of $1,250,000 can expect an average monthly premium of $104 from The Hartford.
- For businesses with 5 employees, the average monthly premium is $52.
- Companies with 100 employees and an annual payroll expense of $6,250,000 have an average monthly premium of $412.
Financial Stability and Customer Service:
- The Hartford is noted for its strong financial stability which assures businesses of their capability to handle claims and liabilities.
- The company is also recognized for superior customer service, ensuring that clients receive timely and effective assistance when needed.
Kansas requires businesses to have workers' compensation insurance unless they qualify for specific exemptions, which makes choosing a reliable provider like The Hartford essential for compliance and protection.
In Kansas, the cheapest workers' compensation insurance provider is The Hartford. Based on various factors including cost, customer service ratings, and financial stability, The Hartford emerges as the top choice with an average monthly premium of $104 for businesses with 20 employees and a total annual payroll of $1,250,000.
Why The Hartford is a Good Option for Cost-Conscious Businesses:
1. Affordable Premiums: The Hartford offers the lowest average monthly rates for workers' compensation insurance in Kansas. With premiums averaging at $104 for mid-sized businesses, it provides significant savings compared to the state average of $129 monthly, and even more compared to the national average of $168 monthly. For smaller businesses with five employees and a payroll of $312,500, the premium is even lower at $52 per month.
2. Comprehensive Coverage: Despite its affordability, The Hartford does not compromise on coverage quality. The policies include essential protections such as medical treatment expenses, wage replacement benefits, and liability protection for the employer, ensuring that both employees and businesses are well-covered in the event of work-related injuries or illnesses.
3. Scalability: The Hartford offers versatile plans that cater to businesses of varying sizes. Whether you have five, 20, or 100 employees, The Hartford provides tailored premiums and coverage that match your specific business needs, making it a suitable option for a wide range of employers.
4. Strong Reputation: With a MoneyGeek score of 99 out of 100, The Hartford is backed by high customer service ratings and financial stability, assuring businesses of reliable and responsive service.
Overall, The Hartford stands out as the most cost-effective and dependable workers' compensation insurance option for Kansas businesses looking to balance affordability with comprehensive coverage.
In Kansas, the cost of workers' compensation insurance premiums for businesses is influenced by several key factors, leading to variations in rates. Here's an overview of these factors and how they can affect your premiums:
1. Number of Employees: The employee count is a crucial factor. Businesses with more employees may face higher premiums since there is an increased likelihood of a claim. However, micro businesses (less than 10 employees) tend to enjoy cheaper premiums due to the lower risk associated with fewer individuals.
2. Annual Payroll: Payroll is one of the most significant determinants of your workers' compensation insurance cost. This is because the risk of workplace injuries and illnesses can increase with payroll size. For instance, a business with an annual payroll of $1,250,000 will likely have different premium costs compared to one with $6,250,000.
3. Industry of Operation: The industry type plays a major role; businesses in high-risk industries (e.g., construction, manufacturing) tend to have higher premiums due to the increased risk of accidents and injuries compared to those in low-risk industries (e.g., clerical work).
4. Claims History: Businesses with a history of frequent or severe workers' compensation claims might face higher premiums due to perceived higher risks by insurers.
5. Coverage Limits: The insurance policy’s limits, such as total policy limits, per accident limits, and per employee limits, influence the cost. For example, a policy with $1 million total policy limit and per accident and per employee limits will have its pricing based on the risk of requiring high payouts.
6. Location: Although uniform within a state, if considering policies in multiple states, regional risk factors like varying local safety regulations and historical claim data may impact costs.
7. Available Discounts and Experience Modifications: Some insurers offer discounts for businesses with robust safety programs or other beneficial factors. Experience modifiers adjust premiums based on a company's claims history compared to its industry average.
In Kansas, as mandated by law, businesses with more than a minimal payroll (gross annual payroll of over $20,000) must carry workers' compensation insurance. Exceptions may apply for certain agricultural operations and very low payroll businesses.
The Hartford is highlighted as a top provider in Kansas for its cost-effectiveness and comprehensive coverage. It offers competitive average monthly rates, especially for businesses with varying employee counts and payroll sizes, making it a suitable option for different business sizes. As rates are influenced by unique business factors, it’s crucial for business owners to evaluate their specific circumstances to determine the most affordable and effective coverage.
Why Trust MoneyGeek? We collected 677 workers’ compensation insurance quotes and analyzed cost information alongside customer satisfaction and financial stability reports to determine the best workers’ compensation insurance companies for small businesses in Kansas.
Coverage costs and company information for workers' compensation insurance providers in Kansas were last updated in 2023.
The Hartford offers Kansas’ best workers’ compensation insurance, earning a MoneyGeek score of 99 out of 100. Businesses can get coverage from this company for an average monthly rate of $104. The best option for you depends on factors unique to your business, like your number of employees and your industry of operation.
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank insurers:
MoneyGeek used the following business profile to gather quotes:
The Hartford is Kansas’ cheapest workers’ compensation insurance provider, with the fewest customer complaints compared to its competitors. Because of this, business owners can avoid the typical compromise between quality customer service and cheap rates. This company offers both, at an average monthly premium of $104, and an NAIC (National Association of Insurance Commissioners) complaint index well below the industry average. It also provides an efficient online quote application, allowing you to compare rates in minutes.
Pie is our runner-up pick for Kansas’ best workers’ compensation insurance provider. It offers one of the cheapest workers’ compensation insurance policies at a monthly average rate of $107. An online quote from this company takes less than 30 seconds to receive, the fastest of all its competitors.
However, MoneyGeek’s research found that Pie’s customer service record is lacking. It received more customer complaints than any other provider we reviewed. The company’s A- rating from AM Best indicates it could improve its financial backing to pay policyholders’ claims reliably.
The Hartford is the cheapest company in Kansas for workers’ compensation insurance, offering an average monthly rate of $104. We based our recommendation on businesses with 20 employees and annual payroll costs of $1,250,000. Both of these are important factors in determining the cost of your policy.
The Hartford stands out as Kansas’ most affordable workers' compensation insurance provider. It offers an average monthly premium of $104. According to the NAIC’s (National Association of Insurance Commissioners) complaint index, the company has the lowest average rate of customer complaints among its competitors. As a result, this company balances affordable rates and quality customer service. Thanks to its strong financial backing, you can also depend on this company to pay its claims promptly.
MoneyGeek based our rankings on the cheapest average monthly rates, but several factors may affect the most affordable provider for your business. The table below shows Kansas insurers’ annual and monthly premiums for businesses with 20 employees. We based our rankings on monthly rates.
| The Hartford | $104 | $1,245 |
| Pie | $107 | $1,283 |
| Thimble | $117 | $1,287 |
| biBERK | $139 | $1,475 |
| Next | $148 | $1,780 |
| Nationwide | $157 | $1,888 |
Kansas businesses with five employees can find the best workers’ compensation policies from The Hartford. Its average monthly premium is $52 for businesses with an annual payroll expense of $312,500.
Businesses with less than 10 employees are micro businesses. Employee count significantly affects the cost of workers’ compensation insurance, although payroll typically has a more significant impact. Because of this, smaller businesses tend to have cheaper premiums.
The Hartford demonstrates excellent customer service with its low rate of customer complaints. It offers quality service at a reasonable average rate of $52 monthly. Although this company doesn’t provide the cheapest rates among the companies we reviewed, it’s still a relatively affordable option. It features an AM Best rating of A+ for financial stability, so there’s a good chance it can meet its obligations for claims.
The best workers' compensation insurance for Kansas businesses with 100 employees is from The Hartford. The average monthly premium from this company is $412, based on an annual payroll expense of $6,250,000. Employee count and payroll are two important factors affecting your premiums, but the latter typically makes a more significant impact.
The Hartford offers affordable workers' compensation insurance with minimal customer complaints. It offers an average monthly premium of $412 and an NAIC (National Association of Insurance Commissioners) complaint index well below its competitors’ average. Businesses can enjoy excellent customer service and cheap rates, avoiding the typical trade-off between the two. It also provides an efficient online quote application, allowing you to compare policy rates quickly.
The average cost of workers’ compensation insurance in Kansas is $129 monthly, which is cheaper than the national average of $168 monthly. To find the average cost of insurance, we used a policy with a $1 million total policy limit, a $1 million per accident limit and a $1 million per employee limit. Your insurer’s insurer’s maximum coverage within the policy period is the total policy limit. The per accident limit is the cap for coverage in a single incident. The per employee limit caps the amount paid to a single employee affected by an incident.
The table below shows the average cost of workers’ compensation insurance for Kansas businesses with five, 20 and 100 employees. Employee count and payroll amount are the most significant factors that affect premiums.
How was this cost calculated?
To find the average cost of workers’ compensation insurance in Arkansas, we gathered quotes for three types of software development businesses:
| 5 | $56 | $640 |
| 20 | $129 | $1,493 |
| 100 | $482 | $5,606 |
Several factors can determine the costs of your workers’ compensation insurance. As a result, rates will vary according to your business.
Higher payroll costs can lead to more expensive premiums. Insurers tend to base your rates on every $100 of payroll. In Kansas, insurers charge an average of $1.02 per $100 of payroll, making it the 35th most expensive state in the nation.
Larger companies may pay higher rates than smaller companies because an increased number of employees could mean a higher risk of employee injury. Your premium may depend on the number of employees you have.
The type of work your employees do is represented by a class code, and your per-$100 rate can depend on this code. High-risk industries, like construction, usually have more expensive premiums than low-risk industries, like those that require administrative or clerical duties.
Your premiums can be higher if you’ve filed workers’ compensation claims before. In 2021, there were 24,700 nonfatal occupational injuries and illnesses in Kansas’ private industry. Meanwhile, there were a total of 2,607,900 recordable cases of nonfatal occupational injuries and illnesses in the private sector of the United States.
Kansas law requires businesses with any number of employees to purchase workers’ compensation insurance. However, businesses with a gross annual payroll of $20,000 or less and agricultural workers are exempt from this requirement. Your yearly payroll includes everything you pay your employees, even those outside Kansas. A company’s gross annual payroll does not include salaries paid to sole proprietorships or partnership owners.
Failure to comply with Kansas workers’ compensation insurance requirements can lead to the following civil penalties:
These severe financial penalties may devastate your small business if you fail to obtain the required workers’ compensation insurance.
Workers’ compensation insurance can cover injuries sustained by employees in the regular course of their jobs. The policy will cover your injuries if you are performing employee duties, even if you are outside of the workplace. This type of insurance pays for medical treatment expenses and offers wage replacement benefits, disability benefits, rehabilitation services and death benefits.
Employees can be protected from loss of income while recovering from an injury, especially when they can’t go to work. The employer is the policyholder and benefits from liability protection for their business.
The Kansas Department of Labor Division of Workers' Compensation oversees workers’ compensation. In case of injury or illness, the employee should inform the employer and seek medical treatment. It’s essential to report the incident to your employer, so they can record your injury and help you fill out the necessary forms to file a claim. You will need to wait for a response from the insurer about covering your claim. You can appeal in case of denial.
Businesses looking for workers’ compensation insurance may have questions about insurers, costs and coverage. We answered a few commonly asked questions to help you find the best provider for your needs.
The Hartford has Kansas’ best workers’ compensation insurance. It has the lowest average rate of customer complaints among its competitors, demonstrating its excellent service to clients. The best insurance for you depends on your industry, employee count and state requirements.
The Hartford offers Kansas’ cheapest workers’ compensation insurance, with an average monthly premium of $104. The most affordable insurance for your business depends on factors like payroll, number of employees and location.
Yes, Kansas requires businesses with a gross annual payroll of more than $20,000 to obtain workers’ compensation insurance, regardless of their number of employees. Agricultural workers are exempt from this requirement.
The average cost of workers’ compensation insurance in Kansas is $129 monthly. We found this rate using a policy with a $1 million total policy limit, a $1 million per accident limit and a $1 million per employee limit.
About Melissa Wylie
Melissa Wylie is the Content and SEO Manager at MoneyGeek, with nearly a decade of editorial experience and six years of work in financial content focused on small businesses. She previously held SEO positions at Bankrate and LendingTree, with bylines on ValuePenguin and MagnifyMoney.
Wylie has a journalism degree from the University of North Texas. Her strong foundation in journalism helps her craft content that simplifies complex financial topics to help everyone feel confident when making decisions with their money.
