All employees working in Nevada, whether full-time or part-time, must be covered by a workers’ compensation policy.
Workers’ compensation is a no-fault system that protects employees by providing medical and disability benefits and lost wages. It also protects employers by limiting their liability in the case of a workplace injury.
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Workers’ compensation insurance is required for businesses with employees, with few exceptions.
Previously a monopolistic state, Nevada opened its workers’ compensation market to private insurers in 1999.
To buy workers’ comp insurance, employers must request a quote from a licensed insurance carrier or agency. (Get started on a policy with WorkCompOne.)
High-risk businesses that have been denied coverage can contact the National Council on Compensation Insurance. NCCI administers Nevada's assigned risk pool, and can find a carrier.
Nevada workers’ compensation rates are some of the lowest in the country. A 2018 Oregon study found that Nevada employers pay, on average, less than $1.50 per $100 in payroll, and ranked 47th in the nation for cost.
This may be in part to the state’s $36,000 payroll cap. Most states require the full payroll of all covered employees to be factored in to the insurance premium. The rate is multiplied by each $100 in payroll, and then other debits or credits may be applied. (Learn more about how your workers’ compensation premium is calculated.)
Nevada only requires the first $36,000 of payroll for each covered employee, which reduces insurance premiums for businesses with higher-paid employees.
Editor’s note: Last updated February 1, 2019