How To Calculate Worker Compensation Premium
How To Calculate Worker Compensation Premium . Workers’ comp premiums are calculated based on the type of work your employees do, your payroll, and your claims history. This first calculation is done by taking our “final” or “total” net premium and dividing it by our “manual” or “subtotal” premium. Workers' Compensation Insider Secrets For Electrical from www.slideshare.net Visit our page on workers compensation payroll and remuneration for a comprehensive list of those items for your review. All premiums are calculated by taking your industry classification rate and multiplying it with how much your business pays in wages. Stock bonus or purchase plans;