Wyoming Workers' Compensation Insurance
Protect your business and employees with Wyoming workers' comp
Wyoming workers' compensation insurance provides medical care and financial support to employees injured on the job. It also helps businesses meet legal requirements and promotes a safer work environment.
Since Wyoming is a monopolistic workers' comp state, insurance must be purchased through the state fund. But you can still reach out to a Progressive Commercial agent for guidance.
Who needs workers' compensation insurance in Wyoming?
Wyoming workers' compensation laws mandate that most businesses have insurance, which covers full-time, part-time, and seasonal workers.
Wyoming workers' compensation insurance exemptions
While most businesses need coverage, there are a few exemptions to workers' comp in Wyoming, such as:
- Small employers
- Farm laborers
- Household workers
- Independent contractors
Every company in the state must register with the Wyoming Department of Workforce Services to find out if they need insurance.
What are the penalties for not having workers' comp in Wyoming?
In the state of Wyoming, not having workers' compensation insurance can result in fees and legal troubles. Make sure you have the coverage you need to avoid these penalties.
How much does workers' comp cost in Wyoming?
Wyoming workers' compensation rates are influenced by payroll size, location, number of employees, industry, and claims history. Understanding these factors helps you estimate your rates and manage your expenses.
How can you get workers' comp in Wyoming?
As a monopolistic state, Wyoming requires employers to register with the Wyoming Department of Workforce Services to get a workers' comp policy.
How does workers' comp work in Wyoming?
Workers' comp insurance supports employees injured in job-related accidents. The Wyoming Workers' Compensation Division reviews claims and gives benefits to employees when approved.
Common Wyoming workers' compensation benefits are:
- Medical expenses
- Lost wages
- Disability benefits
- Rehabilitation costs
This coverage also protects business owners by lowering the chance of lawsuits, as employees who accept benefits usually can't sue the company.
Wyoming workers' compensation death benefits
Wyoming workers' compensation death benefits assist families of deceased employees. Dependents can receive monthly payments ranging from 80% to twice the state's average wage. They'll also receive a lump sum of up to $10,000 for funeral expenses.
Wyoming workers' compensation statute of limitations
Under Wyoming's statute of limitations, workers' comp claims must be filed within one year of the injury. Tell your team to report accidents as soon as possible to meet deadlines and secure benefits.
