The Largest Wworkers Compensation Providers

  • Posted on: Oct 28 2022
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In 2021, the amount of coverage for workers compensation was more than $52 billion. As a result, the largest workers compensation coverage providers paid out more than $22 billion of that amount. Below, we have listed the largest workers’ compensation providers.

Travelers Insurance

As a global carrier for insurance, they provide a range of insurances and coverages in almost every state. The states where Travelers is not offered include Wyoming, North Dakota, Washington, Alaska, Ohio, and Hawaii. Some of the brands owned by Travelers include USF&G and St. Paul Fire & Marine. Besides a big provider in workers’ compensation, Travelers is also a big provider of property and casualty insurance.

Hartford Insurance

With Hartford, they are able to provide millions of small businesses with insurance coverage. The workers’ compensation includes a medical provider who is a part of a  preferred network.. Hartford also provides several health programs such as pay-as-you-go, prescription drugs, and needle stick reimbursement. All Hartford clients will also obtain program benefits to help keep employees healthy.

AmTrust Financial Insurance

At AmTrust Financial, they provide small business insurance that focuses on workers’ compensation. The coverage provided suits artesans, medical professionals, restaurants, hotels, schools, wholesale stores, and retail establishments.

Zurich Insurance

Also known as Zurich Insurance Group, Zurich Insurance offers many insurance policies within many countries. Their policies covering workers’ compensation  provide a worker with complete access to managed care and programs designed to get workers back to work and recovery services

Chubb Insurance

As a large provider of insurance, Chubb operates nationwide and provides a number of coverages including workers’ compensation. The workers’ compensation covers all business types and any excess to cover losses that are predictable or catastrophic in nature.

Liberty Mutual Insurance

As a global provider of insurance, it is no wonder that Liberty is able to provide workers’ compensation while also assisting employees with medications relating to injuries sustained on the job. They also take the pain out of expenses and allow quality care to be accessed through the provider network they work with.

Liberty Mutual Insurance is also the owner of many other brands of insurance providers such as Golden Eagle, Safeco, and Ironshore.

Berkshire Hathaway

As a huge provider of insurance, such as workers compensation, Berkshire Hathaway offers insurance through their smaller insurance providers like Berkshire Hathaway Homestate. Along with the workers’ compensation, Berkshire also offers assistance with service teams that are in-house and programs designed to help employees return to work. Many popular insurance providers are also under Berkshire, such as Three Insurance and GEICO. There is also Berkshire Hathaway GUARD, which provides SMBs with coverage. Outside of business insurance, Berkshire also provides many other coverages associated with a business.

Conclusion

Having a number of great options for workers’ compensation providers is great and as a business owner you can take advantage of many other coverages that your business would benefit from. If you need any clarification concerning the above providers, give us a call today to go over them.

Posted in: Blog, Workers Compensation Benefits

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