Demystifying Workers’ Comp: How Workers’ Comp Rates Are Really Set (And Why You Might Be Overpaying)
Barbara Ellen Burch Published on: 26/05/2025
A quick guide to demystify how workers’ comp premiums are set—covering payroll classifications, experience modifiers, and loss history factors that insurers use to calculate your rate. Learn why your industry class code matters, how your safety record can lower costs, and which state-specific variables influence what you pay. By the end, you’ll know exactly what drives your premium and how to take control of your workers’ comp expenses.
Workers CompCommercial Insurance QuoteBusiness InsuranceBusiness Insurance QuoteCommercial Auto Insurance