Workers' Compensation Rate Calculator
This calculator helps you estimate your potential workers' compensation rate. The actual rate is determined by your insurance provider based on various factors, including your industry, payroll, and claims history. This tool provides a general estimation.
Calculate Rate
.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;
color: #333;
margin-bottom: 15px;
}
.workers-comp-calculator p {
color: #555;
line-height: 1.6;
margin-bottom: 25px;
font-size: 0.95em;
}
.calculator-inputs {
margin-bottom: 20px;
}
.input-group {
margin-bottom: 15px;
display: flex;
flex-direction: column;
}
.input-group label {
display: block;
margin-bottom: 5px;
font-weight: bold;
color: #444;
}
.input-group input {
padding: 10px;
border: 1px solid #ddd;
border-radius: 4px;
font-size: 1em;
width: calc(100% – 22px); /* Adjust for padding and border */
}
button {
display: block;
width: 100%;
padding: 12px 20px;
background-color: #007bff;
color: white;
border: none;
border-radius: 5px;
font-size: 1.1em;
cursor: pointer;
transition: background-color 0.3s ease;
}
button:hover {
background-color: #0056b3;
}
.calculator-result {
margin-top: 25px;
padding: 15px;
border: 1px solid #e0e0e0;
border-radius: 5px;
background-color: #fff;
text-align: center;
font-size: 1.1em;
font-weight: bold;
color: #333;
}
function calculateWorkersCompRate() {
var annualPayroll = parseFloat(document.getElementById("annualPayroll").value);
var classCodeRate = parseFloat(document.getElementById("classCodeRate").value);
var experienceMod = parseFloat(document.getElementById("experienceMod").value);
var discountRate = parseFloat(document.getElementById("discountRate").value);
var resultDiv = document.getElementById("result");
if (isNaN(annualPayroll) || isNaN(classCodeRate) || isNaN(experienceMod) || isNaN(discountRate)) {
resultDiv.textContent = "Please enter valid numbers for all fields.";
return;
}
// Calculate base premium: (Payroll / 100) * Class Code Rate
var basePremium = (annualPayroll / 100) * classCodeRate;
// Apply experience modification factor
var modifiedPremium = basePremium * experienceMod;
// Apply discount
var finalPremium = modifiedPremium * (1 – discountRate);
// Display the result
resultDiv.innerHTML = "Estimated Annual Premium: $" + finalPremium.toFixed(2);
}