What to Know about Workers' Compensation Insurance

in North Carolina

Facts about Workers' Compensation Insurance in North Carolina

In North Carolina, all businesses with at least three employees are required to carry workers' compensation insurance. Agricultural employers must carry this coverage only if they employ ten or more non-seasonal workers. Workers' compensation insurance is designed to cover the costs associated with injuries and illnesses that your employees may suffer in the course of doing their jobs.

More North Carolina workers' compensation insurance facts

  • NC workers average 75,900 job-related injuries a year.
  • This equates to 2.67 injuries per every 100 workers.
  • About 25,200 of these injuries require time off work.
  • NC averages 154 work-related fatalities a year.

Cost of Workers' Compensation Insurance in North Carolina

In North Carolina, the cost of workers' compensation insurance is only slightly higher than the national average rate. Costs are based on the number of employees you have, the types of jobs they do, and your company’s overall payroll. If your business has a reported injury rate that is below average for your industry, you may qualify for policy discounts through an experience modifier. Some insurers are better equipped to meet the needs of certain industries, so it is to your advantage to compare a few policies and quotes before making a purchase.

Cost Range of Workers' Compensation Insurance in North Carolina (per $50,000 in payroll)

average cost of workers' comp insurance in north carolina

Why Choose an Independent Agent in North Carolina?

  • Local agents are familiar with the risks you face in your city.
  • Unlike captive agents, independent agents can shop for rates.
  • Independent agents can help with all of your insurance needs.

Find an Independent Insurance Agent

I’ve recently been let down by my previous agent so I went online and found TrustedChoice's website. The website was user-friendly. I was able to find what I was looking for and everything else. I wanted to go through somebody local and someone here in town. That is exactly what I got - I will always recommend TrustedChoice. 

5 stars Casey of Wilmington, NC Consumer Affairs

What Does Your Workers' Compensation Insurance Policy Cover?

North Carolina employers are required by law to report all workplace injuries and work-related illnesses, regardless of their severity. Workers' compensation insurance can prevent these injuries from causing large financial losses for employees and employers alike. You can expect a standard policy to cover the following:

  1. Medical treatment: Workers' comp will cover medical treatment that is necessary to heal employee injuries and relieve pain. Treatment is covered for the injured body part(s) as well as for any additional ailments that are a direct result of the injury.
  2. Mileage reimbursement: If an injured or ill employee must travel more than 20 miles round-trip in order to receive medical treatment, workers' comp will reimburse them according to the current mileage rate set by the IRS.
  3. Disability payments: If an employee needs more than seven days off to recuperate from a workplace injury, workers' comp will provide them with weekly payments of 2/3 of their average weekly wage for up to 500 weeks. 
  4. Death benefits: If a work-related injury or illness results in death, qualified dependents by receive weekly benefit payments or may opt for a lump-sum compensation settlement.

If a work injury was not due to an accident or was the result of drug or alcohol use, or if the claim is not filed within 30 days of the incident, workers' compensation coverage may be denied. Employees and employers can appeal a claim denial by requesting a hearing with the NC Industrial Commission.

Top Insurance Companies That Support Independent Agents in North Carolina 

There are currently 693 independent insurance agencies in North Carolina who are ready to help you find the best workers' compensation insurance policy to cover your company. Your agent can contact several different insurance providers on your behalf to help you find a competitively priced policy that is well-suited to your particular business. Talk to an agent near you to start comparing customized workers' compensation insurance quotes.

Why go Independent

Why Go Independent When Looking for Worker's Comp Insurance

  • Expertise in your business
  • Multiple quotes from one agent
  • Get more value for your money