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Workers' Comp Cost Calculator

Premium from payroll and class rate.

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Results

Estimated workers' comp premium
Rate per $100 payroll
Monthly

Estimate only. Real premiums depend on carrier, claims history and underwriting.

How it works

Workers' comp premium equals payroll divided by 100, times your class-code rate, times your experience modifier.

Class code is everything: office work costs cents per $100; roofing costs dollars.

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Priced per $100 of payroll

Workers’ compensation is calculated differently from other policies: a rate per $100 of payroll, multiplied by your class code (how dangerous the work is) and your experience modifier (your claims history versus peers). Clerical staff might be $0.30–$0.50 per $100; roofers can exceed $10. It’s mandatory in almost every state once you have employees.

The experience mod is the lever you control over time — fewer claims lowers it below 1.0 and cuts your premium; a bad claims record raises it. Estimate yours above using your class and payroll.

Good to know

FAQs

How is workers' comp calculated?

Payroll ÷ 100 × class rate × experience modifier.

Is it required?

In almost every state once you have employees.

What is the experience mod?

A multiplier based on your claims history vs peers; below 1.0 saves money.

Is this a quote?

No — it's an estimate.