Workers Compensation Insurance

Workers’ compensation is a type of insurance that businesses hold, especially if their industry has a high risk of injury.

Most states, including Minnesota, require small businesses to carry this type of insurance. It protects employees if they get injured on the job, and it protects you from being sued.

Please note: You must get workers’ compensation insurance through your state’s designated bureau if you live in North Dakota, Ohio, Puerto Rico, Washington, Wyoming, or the Virgin Islands. We legally cannot offer workers' compensation insurance to businesses in these locations.

Yes! There are three options.

Option 1: Our secure online portal lets you pull your payroll reports and tax forms for free at any time. Avoid waiting to speak to a representative when the due date is approaching quickly!

Option 2: CSI can conduct the audit for you for an additional fee.

Option 3: Avoid the stress with Pay As You Go workers’ compensation, which uses the payroll data to calculate the premiums owed each payroll. That means audits generally won’t involve you! There’s also no need to adjust payments for overestimating or underestimating your annual wages paid.

The differences between Pay As You Go (PAYG) workers’ compensation and standard workers’ compensation insurance are:

• Integration. PAYG integrates with your payroll software instead of having to manually update changes to your insurance. CSI doesn’t charge extra for this integration with our Apex and iSolved software either!
• Payments. PAYG makes automatic payments as payroll is run instead of having to make payments based on your estimate. PAYG means no surprises, whereas standard insurance can mean a large payment to correct a balance instead of consistently small, accurate payments!
• Audits. PAYG’s automatic payments based on payroll data means audits are simplified, rather than having complicated audits when your payments aren’t exact. Audits are less intrusive with PAYG.

During your onboarding meetings at CSI, we review your business’s situation. It’s at this time that workers’ compensation would likely come up, although you can bring it up with your contact at any time.

After you let us know that you’re interested in getting a quote for workers’ compensation insurance, we’ll pass on your contact information to our workers’ compensation insurance partner. They’ll be in touch with you shortly to request the rest of the information they need to get you a quote.