Medical care, lost wages, and death benefits for work-related injuries and illnesses — protecting your employees and your business from the first dollar.
Workers compensation provides both employers and employees with a no-fault system for handling workplace injuries and illnesses. When a covered incident occurs, the policy pays — typically to the first dollar — without requiring the employee to prove negligence on the part of the employer.
Covers all reasonable and necessary medical treatment for work-related injuries and illnesses — doctor visits, hospitalization, surgery, and rehabilitation.
Replaces a portion of an injured employee's wages while they are unable to work, reducing financial strain on both parties.
Provides death benefits to the dependents of employees who are fatally injured on the job.
In North Carolina, workers compensation coverage is required by law once you have three or more employees — full-time or part-time. This includes family members who are on the payroll. If you reach this threshold at any point during the year, you are legally obligated to carry coverage.
Not having Workers Comp when required in NC can result in penalties, fines, and personal liability for workplace injuries. Don't wait until after an incident to find out you should have had coverage.
Workers comp premiums are based on your total payroll, calculated per $100 of payroll using a class code rate determined by the type of work your employees do. The formula is straightforward:
(Total Yearly Payroll ÷ $100) × Rate = Annual Premium
As an example, clerical office positions typically carry a rate of $0.38–$0.42 per $100 of payroll — meaning a business with $200,000 in clerical payroll would pay roughly $800 per year for that portion of their workforce. Rates vary significantly by job classification and risk level.
Sole proprietors, corporate officers, and LLC members may be eligible to be excluded from workers compensation coverage. Since premiums are payroll-based, removing high-earning owners from the policy can result in significant savings. Ask us whether your business structure qualifies — it's one of the first things we review.