Workers Comp Premium Calculator
Calculate workers compensation premium from payroll and experience mod.
Inputs
$
$
%
Results
Annual Premium
$47,500.00
Monthly Premium$3,958.33
Manual Premium$50,000.00
Modified Premium (before discount)$50,000.00
Premium Per Employee$1,583.33
Premium as % of Payroll2.38%
Savings if EMR Improved by 0.1$5,000.00
How to Use This Calculator
- Enter the annual payroll for the relevant class code.
- Input the NCCI class code rate per $100 of payroll (obtain from your insurer or state rating bureau).
- Set your experience modification rate (EMR) — find this on your current policy or mod worksheet.
- Enter any safety program discount percentage.
- Review the estimated annual workers' comp premium and cost per employee.
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