Many insurance companies with online presences offer "fast and easy" price quotes for various policies. Worker's compensation insurance is no exception. To get a quick quote, all you will usually need to know is your business's annual revenue, the annual payroll amount, how long you have been in business and if you own or rent your office space. Read on to learn more.
Instructions
Obtain and Compare Insurance Quotes
1. Know how much your company earns and how much is paid to employees each year. Every insurance company needs to know this basic information to determine a quote for your worker's compensation policy.
2. Call your professional organization (for example, the North American Contractors Association) if you belong to one. A representative may give you the name of an insurance company that is popular with many of the group's members. You might be able to get a quote for insurance at a discounted rate this way.
3. Find out from insurance agents in your town what a quote would be for worker's compensation insurance for your business. Oftentimes, smaller, locally owned insurance companies will be willing to work with you on a more personal level to give you a highly accurate quote.
4. Search nationally known, highly regarded insurance companies' websites for quote finders. Often they will be on the home page of the website, trying to draw in business.
5. Input the information needed on the quote finder and print out the results. Having a hard copy makes it easier to compare the various companies when it is time to choose one.
6. Get price quotes from several different insurance companies, whether online or through a phone call or appointment. Like getting a second opinion from a doctor, you will want to know if they all come up with the same pricing or if there are major discrepancies.
7. Compare all the quotes you have gotten to decide which worker's compensation policy to select. Most of the quotes should be in the same general dollar range. If there is one that stands out as being a lot more or a lot less money, you may have entered some of your information incorrectly.
