Workers' Compensation Insurance Laws in Alaska
Each state has laws concerning workers' compensation insurance. In Alaska, you're required to carry the state minimum coverage limits or more. This applies to all business owners who employ any number of employees. Not having the right coverage can result in fines or worse.
What Does Workers' Compensation Cover in Alaska?
Alaska workers' compensation insurance covers claims specific to an employee getting injured or ill as a result of doing their job. These include the following:
- Traumatic injuries
- Repetitive injuries
- Some mental or cognitive injuries
- Occupational illnesses/diseases
What Doesn't Workers' Compensation Cover in Alaska?
Exclusions apply to every policy your business obtains. In Alaska, your workers' compensation insurance won't cover instances such as:
- Intentional injuries or illnesses.
- Injuries or illnesses sustained outside of work.
- Injuries or illnesses sustained while committing a crime.
- Injuries or illnesses sustained under the influence of drugs or alcohol.
Common Workers' Compensation Claims in Alaska
The Top 5 industries with the most fatal occupational injuries, in order:
- Construction
- Transportation and warehousing
- Manufacturing
- Crop farming
- Landscaping
The Top 7 most reported injuries are, in order:
- Violence and other injuries by persons or animals
- Transportation incidents
- Fires
- Falls, slips, trips
- Exposure to harmful substances or environments
- Contact with objects and equipment
- Overexertion and bodily reaction
In Alaska, 31 workers' compensation claims turned fatal in one recent year.
National Average Cost of Workers' Compensation Insurance
Healthcare $1,825 Per $100,000 payroll
Retail Trade $2,850 Per $100,000 payroll
Construction $7,430 Per $100,000 payroll
Top Workers' Compensation Insurance Companies in Alaska
| Top Workers' Compensation Insurance Companies | Star Rating |
| Travelers |  |
| Liberty Mutual | |
| Hanover | |
| Progressive | |
| Builders & Tradesmen's Insurance |  |
FAQs: Workers' Compensation in Alaska
What is workers’ compensation insurance?
Workers' compensation insurance in Alaska is used to pay for the medical expenses and lost wages of your employee when they sustain an injury or illness at work. Coverage is required in most states, and Alaska has its own rules and regulations concerning it.
How much does workers' compensation insurance cost in Alaska?
The cost of your Alaska workers' compensation policy will vary depending on job duties, industry, experience, and loss history. Rates are determined within a range set by each task and how risky it is. Check out some workers' compensation rates per industry below, per $100 of employer payroll:
| Industry | Low Cost | High Cost |
| Nursing Homes and Assisted Living Facilities | $1.84 | $2.68 |
| Animal Shelters and Kennels-Veterinarian | $1.44 | $2.10 |
| Medical Office-Doctor-Dentist-Chiropractor, Optometrist | $0.42 | $0.61 |
| Home Healthcare Workers | $2.08 | $3.03 |
| Group Homes-Temporary Shelters-Disability Facility | $2.12 | $3.09 |
Is workers' compensation required in Alaska?
Workers' compensation is required in Alaska for all business owners with one or more employees. You'll be mandated to carry coverage at the state minimum limits.
How can you acquire a workers' compensation certificate in Alaska?
If you need to provide proof of insurance to do work for another individual, company, or municipality, you're likely to need a certificate of insurance. A certificate shows your current workers' compensation limits and the expiration dates of each policy. You can obtain a certificate of insurance from your licensed insurance agent.
Why shop workers' compensation insurance with an Alaska independent agent?
Consider working with a professional if you're looking for the most competitive pricing and top-rated carrier options when shopping for your workers' compensation insurance. An independent insurance agent does the comparing for free and finds you the best rates with exceptional insurance companies.
Is workers' compensation taxable in Alaska?
No. In Alaska, workers' compensation claim benefits are not considered taxable income in most cases.