Workers' Compensation Rate Calculator
This calculator helps estimate your workers' compensation rate based on key industry and payroll factors. It's important to note that actual rates are determined by insurance carriers based on a comprehensive underwriting process, including your specific claims history, safety programs, and geographic location. This tool provides a general estimation for educational purposes.
Estimated Annual Payroll:
Class Code Rate (per $100 of payroll):
Experience Modification Factor (e.g., 0.85 for 15% credit, 1.10 for 10% surcharge):
Calculate Rate
Estimated Annual Workers' Compensation Premium:
$0.00
function calculateWorkersCompRate() {
var annualPayroll = parseFloat(document.getElementById("annualPayroll").value);
var classCodeRate = parseFloat(document.getElementById("classCodeRate").value);
var experienceMod = parseFloat(document.getElementById("experienceMod").value);
var workersCompResultElement = document.getElementById("workersCompResult");
if (isNaN(annualPayroll) || isNaN(classCodeRate) || isNaN(experienceMod) ||
annualPayroll < 0 || classCodeRate < 0 || experienceMod < 0) {
workersCompResultElement.textContent = "Please enter valid positive numbers for all fields.";
return;
}
// The class code rate is typically per $100 of payroll.
var payrollInHundreds = annualPayroll / 100;
var basePremium = payrollInHundreds * classCodeRate;
var finalPremium = basePremium * experienceMod;
workersCompResultElement.textContent = "$" + finalPremium.toFixed(2);
}
.workers-comp-calculator {
font-family: sans-serif;
border: 1px solid #ccc;
padding: 20px;
border-radius: 8px;
max-width: 500px;
margin: 20px auto;
background-color: #f9f9f9;
}
.workers-comp-calculator h2 {
text-align: center;
margin-bottom: 20px;
color: #333;
}
.workers-comp-calculator p {
margin-bottom: 20px;
line-height: 1.6;
color: #555;
}
.form-group {
margin-bottom: 15px;
}
.form-group label {
display: block;
margin-bottom: 5px;
font-weight: bold;
color: #444;
}
.form-group input[type="number"] {
width: 100%;
padding: 10px;
border: 1px solid #ccc;
border-radius: 4px;
box-sizing: border-box;
}
.workers-comp-calculator button {
display: block;
width: 100%;
padding: 12px 15px;
background-color: #007bff;
color: white;
border: none;
border-radius: 4px;
font-size: 16px;
cursor: pointer;
transition: background-color 0.3s ease;
}
.workers-comp-calculator button:hover {
background-color: #0056b3;
}
.result {
margin-top: 25px;
text-align: center;
border-top: 1px solid #eee;
padding-top: 15px;
}
.result h3 {
color: #333;
margin-bottom: 10px;
}
.result p {
font-size: 20px;
font-weight: bold;
color: #28a745;
}