What to Know
You are required to carry workers' compensation insurance in Montana if:
- You have any employees working in Montana, whether full-time or part-time.
- You’re hiring someone who is not an employee. Make sure any independent contractors either have an IC Exemption Certificate issued by the Montana Department of Labor and Industry or proof of workers’ compensation insurance. In Montana, it is the employer's responsibility to verify this documentation or risk being held liable. Employee or independent contractor? 10 ways to tell >>
Other regulations that may affect you:
- Workers' compensation insurance covers wage replacement and medical bills for employees injured on the job. To protect against other injuries at your place of business, you may need general liability insurance. Learn more about general liability >>
Where to Get It
- Montana has a private market, meaning that you can purchase workers' compensation insurance from any private insurance carrier or agency that is licensed to write in that state. WorkCompOne can write workers' compensation policies in any U.S. state except those that practice state-run workers' compensation (Ohio, Washington, North Dakota and Wyoming). Get started on a policy with WorkCompOne >>
- Montana has a state fund that competes with the private market. You can contact the Montana State Fund if you are unable to secure coverage from a private insurance carrier. State funds accept higher-risk businesses, but their rates are often higher.
- If you’re still having trouble, you can contact Montana's assigned risk pool, which will help you find coverage.
Factors That Impact Coverage
- You are a sole proprietor, partner or member of an LLC: In Montana, you are excluded from coverage but have the option to include yourself.
- You are a corporate officer: Montana includes you in coverage, but you have the option to exclude yourself.
Montana Key Resources
If you employ workers in multiple states or your employees are temporarily working out-of-state, you need to purchase insurance for all the states where your workers are located, according to each state’s laws.
The nature of your business, number of employees being covered and past coverage and claims are all factors in how much your premium will cost. Learn more about workers' comp insurance rates >>