Workers Comp Rate Calculator
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Guide
Workers Compensation Premium Guide
Workers compensation premiums depend on employee job risk classifications, gross payroll, company claims history, and state surcharges.
Core Insurance Formula
Premium = (Payroll / 100) * Classification Rate * EMR * (1 + Surcharge)Frequently Asked Questions
- What is the Experience Modification Rating (EMR)?
- An EMR of 1.0 represents industry average claims. Ratings below 1.0 discount premiums, while ratings above 1.0 trigger surcharges.
- How does payroll reporting work?
- Insurers conduct an annual payroll audit at policy expiration to true-up estimated payments against actual audited gross wages.