Montana Insurance Help – Workers’ Compensation
If you own a business in Montana and have employees, carrying workers’ compensation insurance isn’t optional—it’s required by law. However, what many business owners don’t realize is that Montana offers three distinct ways to secure that coverage. In this Montana Insurance Help video, Jeff Williams, owner of Armor Insurance Agency, clearly explains the three workers’ compensation plans available to employers and how each option works within the state’s regulatory framework.
Jeff breaks down the three plans in a straightforward, practical way. Plan One consists of private insurance carriers that are approved to operate in Montana. These companies can choose which industries and types of businesses they want to insure, making them a flexible option for many employers. Plan Two is the Montana State Fund, a state-operated insurance provider that is required to accept all businesses, regardless of industry or risk level. This ensures that every employer in Montana has access to workers’ compensation coverage, even if they are unable to secure a policy through a private carrier. Plan Three is self-insurance, where a qualifying business essentially acts as its own insurance company. While this option offers greater control, it also comes with strict financial and regulatory requirements, meaning it is typically reserved for larger companies with strong financial stability and established safety programs.
The video also explains why Montana uses this three-plan system in the first place: to balance employee protection with business flexibility. No matter which plan an employer chooses, the end result is the same—employees are covered in the event of a workplace injury, and the business gains protection from potentially devastating financial liability. This structured system helps ensure compliance with Montana law while giving business owners options to manage cost, risk, and administrative responsibilities.
Designed specifically for Montana business owners, this video provides clear, no-nonsense guidance to help you understand your obligations and your options. Whether you are starting a new business, reviewing your current workers’ compensation policy, or simply trying to better understand how the system works, this explanation gives you the insight needed to make informed, confident decisions about protecting both your employees and your business.