If you’re a business owner in Michigan, finding the right
workers’ compensation insurance provider is one of the most important decisions you’ll make. Workers comp coverage is required by law for most employers, and it protects both your employees and your business if someone is injured on the job.
But with a long list of licensed providers in Michigan, choosing the best fit can feel overwhelming. Below, we’ll break down the
top workers comp insurance companies in Michigan, what types of providers exist, and the key things to look for when selecting a policy.
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View the full list of licensed providers from the State of Michigan
Specialized Workers Comp Insurance Companies
Some insurers
exclusively focus on workers’ compensation coverage, meaning it’s their specialty. They often bring deep expertise, dedicated claims handling, and tailored risk management services.
- Accident Fund Insurance Company of America – Based in Lansing, Michigan, Accident Fund is one of the largest monoline workers comp carriers in the country.
- Insurance Company of the West (ICW) – Known for strong claims handling and risk control programs, ICW specializes in workers comp.
If you want a company that lives and breathes workers comp, these are strong options to consider.
Full-Service Insurance Companies
Many well-known commercial insurers offer
workers comp as part of a full suite of business coverages. This can be a great option if you want to
bundle multiple policies—like general liability, commercial auto, or property insurance—under one carrier.
Some of the top companies include:
- Auto-Owners Insurance
- Frankenmuth Insurance
- Travelers
- The Hartford
- Chubb
- Hanover Insurance Group
Bundling can sometimes save you money and streamline your insurance program, making these insurers attractive for growing businesses.
Industry Association & Group Programs
In Michigan, some industries have access to
specialized workers comp pools through trade associations. These programs are tailored to the risks of a specific sector and may offer competitive pricing.
Examples include:
- MADSIF – A self-insured fund through the Michigan Auto Dealers Association, designed for auto dealerships.
- CAMComp – Offered through the Construction Association of Michigan, tailored to construction companies.
If your business belongs to one of these groups, it’s worth exploring these options.
Key Factors When Choosing a Provider
No matter which type of company you consider, here are a few critical things to look for:
1. Financial Stability
Choose a carrier with a strong rating (like an
“A” rating from AM Best) to ensure they can pay claims when you need them.
2. Claims Handling
Efficient claims handling can make all the difference after an accident. Look for providers known for
quick response times and
support for injured employees.
3. Payment Options
Some companies offer
pay-as-you-go workers comp insurance, where premiums are based on actual payroll numbers. This helps avoid large surprises during annual audits.
Final Thoughts
There’s no single “best” workers comp insurance company for every business in Michigan. The right choice depends on your industry, size, and whether you prefer bundling with a full-service insurer, working with a specialist, or joining an industry program.
The key is to partner with a
reputable, financially strong company that has experience in your industry and provides strong claims support. Affordable coverage is important—but reliability when you need it most matters even more.
