FAQs

There is always a minimum premium an insurance company can charge to recoup administrative expenses.

Payroll Inclusions and Exclusions

In the state of New Hampshire, three owners/members/executive officers can be excluded. You are NOT automatically excluded. You have to ask your insurance company to submit paperwork with the Department of Labor to be excluded.

It is not required by law for the sole proprietor to have Workers’ Compensation coverage. However, a General Contractor might require the sole proprietor to have this coverage.
 

Workers’ Compensation coverage is not needed for volunteer workers in the state of New Hampshire (exceptions apply). Although, it is always a good practice to talk to your insurance company to see if you need a basic coverage.

Here is the list of companies offering Workers’ Compensation coverage (Loss Cost Multipliers) in New Hampshire (Please note: We cannot recommend any particular company)

If the employees travel outside of the country just a couple of times a year, for 3-4 days, the standard workers’ compensation policy will provide statutory state coverage. This means normal state benefits would apply to the employees, even if they were injured in the course of their work outside of the country. Generally, the policy will not cover any other country’s benefits or work related injury laws. For your specific situation, contact your agent/insurance company.

Yes, you may have to purchase additional coverage. Under our State's labor laws there is a requirement that all workers in New Hampshire be covered for workers’ compensation coverage. This requirement applies to anyone stopping and working in the state. However, the same requirement would not apply to someone just traveling through the state.

No. Workers’ Compensation policy premium is based on the payroll. If you do not have any payroll in the state of New Hampshire, you do not need to have a policy in the State. However, you should check with the state where your payroll is generated since you might be required to have a Workers’ Compensation policy in that state.

Voluntary market customers should be able to get different pricing from various insurance companies. However, choices are limited in the Assigned Risk Pool market.

The employer can pay for the first day of the treatment and must report the claim to the NH Department of Labor (603-271-3176) – Go to this link for LAB 502.10 http://www.gencourt.state.nh.us/rules/state_agencies/lab500.html to find the amount an employer can pay for the first day of the treatment.

Insurance companies have 30 days to issue a premium audit refund.

You may cancel your Workers’ Compensation policy early, but there is an early cancellation penalty associated in accordance with NCCI Basic Rule Manual.

A Workers’ Compensation policy can be cancelled by the insurance company anytime as long as they provide a 45 day notice (Note: Only a 30 day notice is required in case of non-payment).

An employee vs. Independent contractor dispute can be filed with the Department of Labor by calling (603) 271-3176.

A classification code dispute can be filed by calling NCCI at (800) 622-4123.

No, New Hampshire does not have a fee schedule at this time.

Loss Costs multiplier for current and previous years (Loss Cost Multipliers)

Servicing Carrier Market Share in the State of New Hampshire

No. Waiver of subrogation is not allowed in the state of New Hampshire.

There are no specific limits in the state of New Hampshire. Reimbursement for medical cost is unlimited but there are some limitations on the indemnity cost reimbursement.

You can settle the indemnity portion of your claim. Medical settlements are not allowed in New Hampshire.

The split point amount in the state of New Hampshire is $15,500.

An insurance company can charge more than an assigned risk policy, but they have to inform the insured that the premium is higher than the assigned risk market.