Nevada Workers' Compensation Insurance

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.

Need workers’ compensation coverage? Get a free, online quote today.

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Low Rates Available in Nevada

Nevada Workers’ Compensation Insurance Requirements

Workers’ compensation insurance is required for businesses with employees, with few exceptions.

Factors That Impact Coverage:

  • Sole proprietors and partners: Excluded from coverage, but may include themselves.
  • Contractors: Sole proprietors licensed as a contractor or subcontractor must find coverage.
  • Corporate officers and members of an LLC: Included in coverage, but may exclude themselves.

How to Buy Workers’ Compensation in Nevada

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

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.

Nevada Work Comp Resources

Editor’s note: Last updated February 1, 2019

How to Buy Work Comp in Nevada

To buy workers compensation insurance, you need to request a quote from a licensed insurance agent and provide some details about your business.

Here’s what to have in front of you:

  • Number of employees in each class code.
  • Total payroll for all employees. You may be able to exclude yourself if you don't wish to be covered under the policy. 
  • Federal ID Number. If you are a sole proprietor, you can use your Social Security Number.
  • Copy of your workers comp insurance policy, if you've had coverage or claims in the past few years. If you know your company's experience mod, please have your experience mod rating sheet or policy in front of you. Otherwise, you will be assigned a default rating of 1.0.

The information on this page has been interpreted and summarized for your convenience. Please consult your state's governing authority for the most current and complete legislation.