Cheapest Workers' Comp Insurance

When you're looking for the best workers' comp insurance, you usually have to choose between cheap rates and good service. NEXT delivers both, offering the lowest rates at $69 monthly, while having the highest customer service scores in our survey.

NEXT's fully digital platform lets you get coverage in 10 minutes with instant certificate access. It matters when clients require proof of workers' comp before signing contracts or when you need coverage documentation for licensing and bidding on jobs.

NEXT delivers exceptional value for cost-conscious business owners, offering workers' comp at $69 monthly compared to the industry average of $74. If you're watching your bottom line, that's a $60 savings annually.

NEXT is the cheapest workers' comp insurance provider across the 79 industries we studied and the most affordable option in 40 states. That makes it the go-to choice for those seeking affordable coverage.

Construction, restaurants and health care practices, high-risk industries that typically require workers' comp, benefit most from NEXT's competitive rates. It helps these businesses manage one of their largest operational expenses while complying with state requirements.

NEXT ranks first for digital experience and policy management, giving you instant certificate access and 24/7 online control, which is essential for contracts and licensing. However, claims processing ranks fourth nationally, meaning longer resolution times.

Customer feedback from Trustpilot varies. While many say they appreciate the easy-to-navigate website and helpful support staff, others struggle with claims representatives who don't promptly return calls or respond to emails. NEXT works best for business owners who want low-cost, do-it-yourself insurance rather than hands-on agent relationships.

NEXT offers standard workers' comp benefits with unlimited medical coverage and wage replacement, plus included employer's liability protection. You can add optional business owner's coverage to protect yourself for workplace injuries, and recently launched multi-location policies to manage multiple sites under one plan.

Keep in mind that there are some important coverage gaps. Your subcontractors need their own workers' comp coverage, but if your state classifies them as statutory employees, you may be required to include them under your policy regardless of their independent contractor status. You also won't get help with lost business income from covered incidents. You need separate general liability and commercial property policies, too. If you're cost-conscious, NEXT focuses on core workers' comp protection rather than expensive bundled extras.

This analysis covers standard workers' compensation benefits only. Additional coverage needs vary by business and state requirements. Consult with a licensed insurance professional to determine your complete coverage needs.