Most employers are required to purchase workers’ compensation liability insurance. Insurance is mandatory if you have eligible employees, unless you apply to the Iowa Insurance Commissioner to become self-insured.
Workers’ compensation liability insurance can be purchased through most insurance agents who write property and casualty insurance. Premium rates are regulated but vary among different insurance companies. Shopping for the best rate and service is often beneficial.
Most employees who are injured in Iowa, working under contract of hire made in Iowa, or whose employment is principally localized in Iowa, are eligible for benefits if they have a job-related injury. A few groups of employees are exempt from the law and not eligible for benefits. The criteria for exemption are far too detailed to describe in this reference.