Workers' compensation is a commercial coverage that protects employers, their business and their employees from the consequences of an on-the job injury or illness.
A workers' comp policy ensures that employers have:
In Texas, not all businesses are required to have workers' comp coverage, but there is no equivalent for the protection it provides. There are some businesses that are required to have it, such as public employers and businesses who contract with the government. Texas employers have three options when it comes to the question of whether to cover their business and people:
Workers' compensation premium is estimated based on what a business pays its employees, the type of work they do and the company's safety record. At the end of the policy period, most workers' comp companies ensure that the premium is correct with a final premium audit.
Agents play a vital role in making sure we have accurate information for their client and can quote appropriately. Here are a few pieces of information that you'll provide us:
You'll tell us how much payroll is provided to employees, based on the type of work they do. For instance, half of the wages your client pays might go to front office staff, while the other half goes to roofers. You'll choose class codes that correspond with the specific work they do.
Class codes help us assess risk, ensure consistency in premium calculations and creates a level playing field for all businesses in the workers' comp market. When you quote through Texas Mutual Online, we provide a list of class codes and the type of work they are associated with to help you determine the right one.
To ensure that employers have the proper coverage for their business, we'll ask about their ownership type. The ownership structure affects how covered owners are rated for premium, as well as their ability to choose to be excluded from coverage:
*In Texas, spouses of sole proprietors and partners are considered included for coverage if they are active in the business, unless they choose to be excluded.
This information is a general guideline and should not be used as a comprehensive review or considered to be legal advice.
An endorsement allows you to change a workers' comp policy by either removing, adding or modifying coverage. Endorsements can be added when you quote, or added later as a policy change. These are the most common endorsements in workers' comp:
With 43% of the workers’ comp market, we offer coverage for all types of Texas-based businesses, from small to enterprise level. We seek employers who prioritize safety, control their losses and take good care of their employees.
We cover Texas workers, and partner with Argonaut Insurance to cover workers in other states. Texas Mutual also offers coverage to the residual market in Texas.
Any licensed agent can write with Texas Mutual. We are committed to making workers' comp work for you, so that you can easily and quickly take care of your clients.
When you quote with Texas Mutual, you may have the opportunity to choose programs that offer discounts to your clients:
We partner with agents to support policyholders throughout their policy life. Here’s how you can help them control their costs in the future: