Workers Comp Rates for Trucking Companies


Workers compensation insurance for trucking companies is expensive. It pays to shop around and find the best deal.

Rates are mostly a function of the number of drivers you have and their salary. These rates also vary tremendously by state with California having the highest rates in the nation. It pays to shop around and get the best deal. We can help you with that.

Here’s a real example based on a truck company with 4 drivers with annual salaries of $38,000/year.

  • In Alabama the rate would be $375 per driver per month. So with 4 drivers, it would cost $18,000/year for a workers compensation policy.
  • In Mississippi the rate would be $250 per driver per month. With 4 drivers the yearly cost would be $12,000.
  • In California the rate, don’t cry, would be $625/month per driver. So 4 drivers would be $30,000 each year. Ouch!

Who Needs Workman’s Comp?

When you have employees, they may get injured while on the job. If you had to pay their medical bills out of pocket, you could go bankrupt faster than a Ferrari in the hammer lane. Workers comp covers your truck drivers if they are injured or disabled while working for you.

This is also commonly called Workman’s compensation, but if you haven’t noticed, there is a growing number of lady truckers. So it’s best to pick a name for the coverage that includes everyone.

The laws for this coverage vary by state, but if you have employees you need this coverage. There are stiff penalties for not covering your employees.


Reducing Accidents

Equip truck drivers and operators with the proper tools needed to help them avoid injury.

The OPNBar tool, for instance can help avoid some injuries by providing an ergonomic means of opening shipping containers, checking for low pressure tires, and aiding operators in releasing the tractor from the trailer.

Did you know that trucking, cargo and insurance companies lose billions a year due to operator injury?

Did you know 50% of all trucking injuries are sprains/strains?  Check out our infographic on workplace injuries, costs and causes:

Trucking and Warehouse Injuries, Costs and Causes