Estimate workers compensation insurance premiums based on payroll and industry classification rates.
Annual Premium
$7,500
Estimated yearly cost
Monthly Premium
$625
Annual ÷ 12
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How workers comp premiums are calculated
Workers comp insurance is priced per $100 of payroll using a class rate that reflects your industry's claim risk. Your experience modification then adjusts the result up or down based on your claims history. The estimate here assumes a single class code; businesses with mixed roles should average their rates across classifications.
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Results are estimates only and should not be considered professional insurance advice. Always consult a licensed insurance advisor before making coverage decisions.