
Workers’ Compensation Insurance
For most businesses across the nation, workers’ compensation insurance is mandatory coverage for medical expenses and lost wages for employees injured on the job. Paychex Insurance Agency can help you find compliant coverage and stabilize your business cash flow.
Workplace Injuries Can Seriously Hurt your People and Productivity
- 2.8% of American workers suffered a job-related injury1
- More than 50% of all workplace injuries required time away from work1
- 9 days of work are missed on average by injured employees1

Work with Top Carriers and Improve your Cash Flow
Our licensed agents can help you select a workers’ compensation insurance plan from top-tier national carriers, while our integrated Workers’ Compensation Payment Service* can give you a smarter, more cost-effective means to manage your policy.

What you get
Coverage that fits your specific needs
We perform a thorough analysis to ensure the business and employees are fully covered.
Renew your coverage at no additional cost
Renew workers’ compensation insurance each year, with no additional deposits or payments required to continue our payment service.
The right policy at the best price
Licensed Paychex Insurance Agency agents find the best coverage options and deliver a complete insurance plan at competitive pricing.
Our monthly reports detail insurance expenses
We show you monthly and year-end reports that demonstrate exactly where you stand with wages, payments, and deductions.
Paychex and the right workers’ compensation coverage can bring stability to your cash flow
Make Insurance Easier to Manage
Paychex is the national leader in payroll, and we extend that expertise into business insurance. We integrate your policies with Paychex payroll to simplify administration and helping you maintain positive cash flow.
One Place for All Your Insurance Solutions
As a top 25 insurance agency*, we’re your single stop for property and casualty, health and benefits, and benefits administration. Find out more about what Paychex Insurance Agency can offer you, your business, and your employees.
Workers’ Compensation FAQ
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What is workers’ compensation insurance?
What is workers’ compensation insurance?
Workers' compensation (or "workers' comp") provides replacement wages and medical benefits to employees injured on the job in exchange for relinquishing the employee's right to their employer for negligence.
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What does workers’ compensation insurance cover?
What does workers’ compensation insurance cover?
This insurance provides benefits to employees who are injured or get sick from a work-related situation. "Workers' Comp" also includes disability benefits, wage replacement and death benefits. For employers, Workers’ Comp reduces their liability for work-related injuries and illnesses. Without this coverage, your employees can sue for their medical costs and lost wages stemming from a work-related injury or illness.
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Why do I need workers’ compensation insurance?
Why do I need workers’ compensation insurance?
Most states require businesses with employees to carry workers’ compensation insurance to provide benefits to employees for work-related injuries or illnesses. Beyond offering employees health insurance, which does not cover work-related injuries or illnesses, businesses need worker's compensation to protect injured employees and cover these claims.
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How much does workers’ compensation insurance cost?
How much does workers’ compensation insurance cost?
Workers’ compensation insurance cost varies based on the business size, its location, its industry and its specific claims history. Also, workers’ comp rates and requirements vary from state to state. In general, for every $100,000 in payroll, the average workers’ compensation policy ranges from a few hundred dollars to a few thousand dollars per year. At Paychex, our Workers’ Compensation Payment Service can reduce or eliminate large end-of-year payments by basing your premiums on actual wages, not estimates.
Business Insurance to Meet Your Needs
Paychex Insurance Agency offers a wide range of business insurance policies to help protect your business and employees from costly claims and losses.

Employment practices liability insurance (EPLI)
Protect against claims of harassment, discrimination, and more.

Errors and omissions
Protect against actionable mistakes by employees or contractors.