Workers' Compensation Insurance Estimator
Calculate your workers' compensation insurance premium by state, industry, and payroll size. Get an accurate workers' comp cost estimate for your business to stay compliant and budget effectively.
Enter total wages for covered employees
Coverage Preferences
Average rate per $100 of payroll by industry
- Implement safety programs to reduce premiums
- Maintain clean claims records
- Audit job classifications accurately
- Review payroll classifications regularly
Workers' compensation insurance is a legally required policy that covers employee medical expenses, wage replacement, and employer liability in case of job-related injury or illness. It protects both employers and employees by providing financial support for workplace incidents.
Premiums are based on your payroll, industry risk classification, and state rates. Each employee class has a class code with a base rate per $100 of payroll, which is adjusted by your Experience Modification Factor (EMF) based on claims history.