Legal & HR Tools
Workers' Comp Premium Estimator
Enter your annual payroll, class rate, and experience modifier to estimate an annual workers' comp premium.
$12,500/year
Uses the standard workers' comp formula: (payroll ÷ 100) × class rate × experience modifier. Class rates vary widely by job classification and state, and your actual experience modifier comes from your insurer or state rating bureau — this is a planning estimate, not a quote.
How to use this tool
- 1Enter your annual payroll.
- 2Enter your job classification's rate per $100 of payroll.
- 3Enter your experience modifier (1.0 if unknown).
- 4See the estimated annual premium.
Frequently asked questions
Where do I find my actual class rate?+
Your state's workers' comp rating bureau or your insurance broker can provide the exact rate for your job classification — rates vary widely by industry and by state.