Rhode Island requires employers to carry workers compensation insurance for their employees. As the smallest state in the nation, Rhode Island has a compact but active business community with real workers comp obligations for employers across all industries.
Rhode Island Workers Comp Requirements
Rhode Island law requires all employers with one or more employees to carry workers comp insurance. Coverage must be obtained through a private licensed carrier or through approved self-insurance. The Rhode Island Department of Labor and Training enforces compliance and can levy significant penalties against uninsured employers.
The Rhode Island Employers’ Mutual
Rhode Island has a state-affiliated carrier option that serves employers who may have difficulty obtaining coverage in the private market. However, the private market is often more competitive for established businesses with clean claims histories, and shopping multiple carriers through an independent agent typically yields better results.
Workers Comp Rates in Rhode Island
Rhode Island uses class codes and experience modifiers to determine premiums, consistent with the national system. Rates vary by industry, and an independent agent who shops the Rhode Island market can identify which carriers are most competitive for your type of business.
Get a Free Rhode Island Workers Comp Quote
Comp Matters Inc. writes workers comp for Rhode Island businesses. Call (631) 248-2500 or get a free quote online today.
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