Workers' Comp Cost Calculator
Enter your annual payroll and the kind of work your team does to see a realistic premium range, computed the same way carriers rate policies.
Premium is calculated the way carriers actually rate it: payroll ÷ $100 × the filed rate for your class code. The range shown reflects typical state-to-state spread for the class.
How workers' comp premium is calculated
Every workers' compensation policy prices from the same formula: annual payroll divided by 100, multiplied by the rate filed for your classification code, multiplied by your experience modifier. Class codes matter enormously. A clerical employee (code 8810) might rate at $0.10 to $0.40 per $100 of payroll while a roofer rates at $8 to $15, which is why the same payroll can produce premiums that differ by 50x between businesses. New businesses start with an experience modifier of 1.0, and it falls below 1.0 after a few claim-free years.
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