You want to know how much workers' comp costs for one person.
You run a one-person business. You just got asked to show a certificate. You need coverage for your business, not for you. The cost of workers' comp depends on two main things: where you live (your state) and what kind of work you do. You can find your real price in minutes by starting your quote. A quote is the actual cost for your business, not a guess.
A ghost policy has one flat price
A ghost policy has one flat price. Your state sets it. In Iowa and Indiana, your trade sets it too. It does not change with how many hours you work or how much money you make. The class code is a number that tells the insurance company what kind of work you do. You can find your class code when you start your quote. It will show you the real price for your job and your state.
What a ghost policy costs, all in
You pay the whole price by card, in one payment. These prices include the $250 Audit Fee — Powered by Audit1, which shows on its own line at checkout.
In Illinois, a ghost policy costs $1,500 ($1,250 plus the $250 fee). In Alabama, Arkansas, Kansas, Mississippi, Missouri, Montana, Nebraska, New Mexico, South Carolina, South Dakota and Virginia, it costs $1,250 ($1,000 plus the $250 fee). In Iowa and Indiana, the price is the price of your trade plus the $250 fee, and your quote shows it.
A blanket waiver of subrogation is optional. It adds $150.
A ghost policy is a good option if you need a certificate.
A ghost policy is insurance for your business. It proves you have coverage. You can hand it to someone who asks. But it does not cover you, the owner. It is for the business only. You reject coverage for yourself when you buy it. You can learn more about ghost policies.
A ghost policy does not cover you.
A ghost policy does not cover you, the owner. You reject coverage for yourself when you buy one, so it pays no medical bills or lost wages to you. If you are hurt at work, the policy does not help you. It exists to show proof of coverage to the person who asks for it. If you want a policy that pays you when you get hurt, you need regular workers' comp, not a ghost policy. You can learn more about what a ghost policy does.
Your quote is the real price for your business.
A quote is not a guess. It is the actual price for your business. It is based on your job and your state. You can get your quote in minutes by starting your quote. You will know the real cost before you buy. It is based on your class code, your state, and your choices.
Your state decides what you need.
Your state has rules about workers' comp. Most states require workers' comp once a business has employees. In many states that starts with the first employee; others set a number such as three, four or five, and Texas lets most private employers choose. Your state's workers' compensation office can tell you what your state needs. Start your quote to see how much a ghost policy costs.
You pay by card, in one payment.
You pay the whole price by card at checkout, in one payment. There are no monthly payments. You can start your quote to see your price before you pay. After you pay and sign your documents, Cimarron issues your policy within 24 business hours.
The premium is fully earned.
The premium on a ghost policy is fully earned. Once the policy is issued, there is no refund, even if you change your mind. The one exception is a full refund if underwriting finds that your application is false before the policy is issued. You can start your quote to see your price before you buy. The quote will show you the real price so you can make the right choice.
