Lockton vs TechInsurance: How Do They Compare for Workers’ Compensation Insurance?

Lockton is a broker offering access to more than 100 markets, safety services and dedicated programs; TechInsurance arranges small-business coverage through a short online application and says its policyholders pay a median of $54 a month.

TechInsurance reports a median premium of $54 a month and names Wyoming, Washington, Ohio and North Dakota as monopolistic states. Lockton instead names specialty capabilities such as captive consulting and self-insurance design without publishing a price. ^2,¹

What Are the Key Differences Between Lockton and TechInsurance Workers’ Compensation Insurance?

Published Pricing Versus Program Capabilities

TechInsurance publishes a book-wide median of $54 a month (about $643 a year), while noting the actual figure shifts with employee count, location and industry risk.

TechInsurance says its workers' compensation policyholders pay a median of $54 per month, or about $643 a year, with the exact cost depending on employee count, location, claims history, policy limits, payroll and industry risk factors. ²Company-reported. Workers' compensation product page cost section; a company-reported median from TechInsurance's own book of business, not a published rate table.

Lockton's page doesn't publish comparable pricing; it lists named specialty capabilities instead, such as captive consulting and formation, Texas non-subscription, and self-insurance design and administration. ¹

Naming State-Fund Requirements

TechInsurance names Wyoming, Washington, Ohio and North Dakota as the monopolistic states requiring a state fund. ² Lockton's page doesn't name specific monopolistic states; it addresses market access broadly instead, saying clients can reach more than 100 regional, global and program markets. ¹

What Should You Confirm in Lockton and TechInsurance Workers’ Compensation Insurance Quotes?

Ask TechInsurance whether its $54 median reflects a business your size and industry. ²
If you're in Wyoming, Washington, Ohio or North Dakota, ask Lockton how it would handle the state-fund requirement. ² ¹
If your operation needs a captive or self-insurance structure, ask whether TechInsurance's marketplace can quote a comparable program. ¹
Confirm which insurer either provider would place your policy with; neither names one. ² ¹

Lockton vs TechInsurance Workers’ Compensation Insurance Compared

Lockton vs TechInsurance: Workers’ Compensation Insurance: documented features by provider

Criteria	Lockton Workers' Compensation Insurance Brokerage	TechInsurance Workers' Compensation Insurance
Coverage Features	Lockton lists specialty workers' compensation capabilities: alternative risk expertise including captive consulting and formation, Texas non-subscription consulting, Jones Act/Outer Continental Shelf/USL&H programs for maritime and offshore exposures, trucking solutions including occupational accident programs, and qualified self-insurance consulting, implementation, administration, design and placement. ¹Company-reported. Workers' Compensation product page as read 2026-09-23. A capability list, not a specimen policy.	TechInsurance says workers' compensation covers emergency and ongoing medical treatment for work injuries and illnesses, partial wage replacement during recovery, employer's liability coverage for related lawsuits, and death benefits including funeral costs and family financial support. ²Company-reported. Workers' compensation product page; general policy description, not a specific policy form.
Role in This Line	Lockton's workers' compensation team designs programs and analyzes their effectiveness through what it calls a strategic claims mitigation process; the team includes actuaries, claims advisors and safety specialists working alongside brokers. Lockton is the broker, not the insurer of record. ¹Company-reported. Workers' Compensation product page as read 2026-09-23.	TechInsurance arranges workers' compensation insurance for small businesses; the reviewed page describes it as a legally required policy in most states rather than a proprietary product. ²Company-reported. Workers' compensation product page.