Direct answer
Premiums are primarily based on your total payroll, the specific risk classifications of your employees’ job duties, and your company’s historical claims experience modifier.
National Council on Compensation Insurance (NCCI) premium calculation guidelines and rating methodologies. For additional information about the regulation of workers’ compensation insurance, see the National Association of Insurance Commissioners‘ overview of industry standards.
What this means for you
Premiums are primarily based on your total payroll, the specific risk classifications of your employees’ job duties, and your company’s historical claims experience modifier.
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This page is informational and not a coverage guarantee or quote.