Workers’ Compensation Payroll Cost Estimator

Workers’ Compensation Cost Estimator

Estimate your annual Workers’ Compensation premium for a single job classification based on your payroll, rate, and Mod factor.

Disclaimer: This tool requires you to manually enter your state-specific base rate, your employer's specific Experience Modification Factor (Mod), and estimated payroll. It does NOT look up rates or guarantee the exact premium amount. Consult your insurance provider for an accurate quote.

Your Estimated Payroll and Classification

State (e.g., California):

Enter the state the payroll is subject to.

Policy Year:

Enter the year the rates and factors apply to.

Estimated Annual Payroll for This Classification ($):

Enter the estimated total annual wages for all employees under this specific job classification code.

Job Classification Code (e.g., 8810 - Clerical):

Enter the code number and description for this job classification. Found on your policy.

Rates and Factors

State-Specific Base Rate for This Code ($ per $100 of Payroll):

Enter the base rate for this classification code in your state. Found on your policy or from your insurer.

Your Employer's Experience Modification Factor (Mod):

Enter your company's current Mod factor (e.g., 0.85, 1.00, 1.20). Found on your policy or from your insurer.

Estimated Credits/Discounts (Total Percentage, optional):

Enter the total percentage of applicable premium credits or discounts (e.g., premium discount, safety credit). Leave 0 if none.

Workers’ Compensation Cost Estimation Results (Annual, for one classification)

Inputs Used:

State: (Policy Year: )

Estimated Annual Payroll for Classification ():

State-Specific Base Rate: per $100

Your Employer's Experience Mod:

Estimated Credits/Discounts: %

Calculations:

Estimated Premium Before Mod & Credits:

Estimated Premium After Mod (Before Credits):

Estimated Credits/Discounts Amount:

Total Estimated Annual Premium for This Classification:

Note: This is an estimate for one classification code. Your total policy premium will be the sum for all codes, plus/minus any overall policy adjustments.