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Nevada workers’ compensation insurance laws
Let’s talk workers' compensation in Nevada. The first thing to know is that workers’ compensation insurance is required in the Silver State—as soon as you hire your first employee, you’ll need to get workers’ compensation coverage. It doesn’t matter whether that employee is full-time or part-time, either. As long as they’re on your payroll, they count. And if you get caught without workers’ compensation insurance in Nevada, you and your business will be subject to fines of up to $15,000, temporary closure, and legal action. (So don’t forget to get covered!)
Basically, if you run a small business in Nevada and have employees, you need workers’ compensation coverage. The good news is that the State of Nevada sets all workers’ compensation insurance limits, so every provider is essentially selling the same product, and you won’t need to make any difficult decisions when you purchase. And purchasing workers’ compensation is especially easy at Huckleberry—you can get covered in about five minutes, and the whole process is online. (Get a 60-second estimate from our Nevada workers’ compensation calculator.)
How much does workers’ compensation in Nevada cost?
First, let’s take a second to see how workers’ compensation rates are calculated. The main thing to know is that your payroll is the number one factor in what you’ll pay for workers’ compensation—the larger your payroll, the higher your premium will be. (And this makes pretty good sense, right? The more employees you have, the higher the chance that one of them will eventually have to file a workers’ compensation claim.) Your payroll isn’t the only factor, though; when you get workers’ compensation insurance in Nevada, insurers will also take a look at your safety record, your location, and your industry. So, for example, florists may pay less for workers’ compensation than construction companies. It’s pretty straightforward.
The big question, of course, is what will you pay for workers’ compensation coverage? Here are some pertinent numbers: The average premium cost that Nevada customers pay for workers’ compensation is $92 per month. But Huckleberry customers in Nevada have paid as little as $24 per month for their workers’ compensation. That works out to just 80 cents per day, which isn’t much to pay for peace of mind.
Ultimately, the best and quickest way to find out what you’d pay for workers’ compensation is to get a 60-second rate estimate here. It’s free and completely online.
Nevada workers’ compensation benefits, coverage, and exemptions
Workers’ compensation insurance is designed to provide your employees with the resources and medical care they’ll need if they ever sustain a work-related injury or occupational disease on the job. It’ll pay out for emergency treatment, ongoing medical treatment, and rehabilitation. And, if your employee can’t return to work right away, workers’ compensation will provide a financial benefit to reimburse them for up to two-thirds of their lost wages.
For example, if one of your employees develops a severe back injury from repeatedly performing the same task at work, workers’ compensation may pay out to have the issue treated and might even compensate the injured worker for the time they spent at home recovering. And if the injury prevents the employee’s return to their old job, workers’ compensation can pay for retraining or ongoing financial support.So it’s a pretty broad coverage and is important for your whole team.
It’s also important to know that workers’ compensation covers everyone on your team, with only a few exceptions. You generally don’t have to provide coverage for casual contractors, for example (but should always check and make sure!). And if you’re a one-person business—that is, you never hire anyone else—you may not have to purchase workers’ compensation for yourself. Finally, certain officers and managers can apply in writing to be exempted from your policy if they wish. Other than that, workers’ compensation protects everyone on your team (which is good!).
Top industries we serve in Nevada:
4 reasons why business owners in Nevada love Huckleberry
- You can get covered in about 5 minutes.
- It’s really affordable. Say goodbye to the legacy insurance company.
- We ask easy questions in simple terms.
- It’s completely online. (No fax machines. No paperwork.)
FAQ: Nevada workers’ compensation insurance coverage
If you’re a sole proprietor and the only person who ever does work for your business, you may not need to purchase workers’ compensation. But Nevada law is very clear: As soon as you hire your first employee, you’ll need to purchase workers’ compensation coverage. It’s the law.
We’ll be blunt: You don’t want to go without workers’ compensation in Nevada. Suppose an employee ever sustains a workplace injury. In that case, workers’ compensation is the only thing standing between your business and a massive liability lawsuit that could cost thousands and thousands (and thousands!) of dollars. Or more. The State of Nevada is very clear that you, as the employer, are legally responsible for the medical and rehab bills (or even ongoing financial support) of any injured employee because they work for you.
What’s more, going without workers’ compensation is breaking Nevada law. You could be fined up to $15,000, have your business shut down, or be charged in criminal court.
You get the picture. Going without workers compensation isn’t worth the risk, especially since you can get your whole team covered in about 5 minutes with Huckleberry. Everything’s online. Everything’s easy.
Absolutely. Any worker can get injured, so workers’ compensation is required for every member of your team.
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