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Workers' Compensation Class Code for Consultants: A Guide

Workers’ compensation class codes for consultants ensure that your employees are properly classified, helping your business avoid unnecessary insurance costs. In this guide, we’ll cover the most common class codes for consultants and how they impact your workers’ comp premiums.

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Workers Compensation Insurance for Consultants Cost 2025

In 2025, the average workers' compensation insurance for consultants costs $0.11 per $100 of payroll, or about $10 monthly per employee (excluding taxes and fees). This is one of the lowest rates across all industries, reflecting the low-risk nature of consulting work.

Workers’ Compensation Insurance for Sole Proprietors

As a sole proprietor, you are generally excluded from a workers' comp policy. However, you may decide to include yourself in the policy either to win a contract or to be covered in the event of a workplace injury. It is important to note that any employees you hire will require workers' comp insurance.

How Much Does a Ghost Policy Cost?

Typically, a ghost policy cost is around $1,000, although prices may vary depending on the insurance carrier and coverage options. Some carriers that offer ghost policies also provide pay plans, while others may not.

The Case for Workers’ Compensation Insurance for Consultants

Consulting work is not generally thought of as being high-risk. However, even in this field, workers’ compensation insurance is necessary. Do consultants need workers’ compensation insurance, though? Why is it important?

The Knowledge Base

helpful tidbits from the experts

In focus:

Consultants

Workers' Compensation Class Code for Consultants: A Guide

Workers Compensation Insurance for Consultants Cost 2025

Workers’ Compensation Insurance for Sole Proprietors

How Much Does a Ghost Policy Cost?

The Case for Workers’ Compensation Insurance for Consultants

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