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Human Resources

How Can I Handle Workers' Compensation Insurance Affordably?

by FrankCrum on March 1, 2016



The following is an excerpt from our latest guide, "A Business Owner's Guide to HR: Is There a Better Way?"

Particularly for smaller businesses, the question may arise of why workers’ comp insurance is necessary. The simplest answer is that it may be required in your state, even for businesses with a single employee.

But whether coverage is mandated by law or not, the more important answer is that workers’ comp insurance is the sole remedy for risks associated with injuries or incidents that occur in the workplace. It is also insurance against lawsuits and other unforeseen expenses.

Costs for workers’ compensation insurance are based on state rates, but adjusted for your company’s loss history and whether you qualify for an experience modifier. In addition, though, business owners should shop among carriers for the best premium costs.

A Business Owner's Guide to HR


FrankCrum is a professional employer organization (PEO), founded in 1981 dedicated to helping business owners boost HR capabilities and broaden convenient services and benefits to employees. The origin of FrankCrum dates back to 1981, when Frank W. Crum, Jr. and his father, Frank Crum, Sr., founded the Great American Temporary Service. With a passion for helping small business owners succeed, the company has evolved and grown over several decades.