How will I know the cost of Workers' Compensation insurance?
Workers' Compensation insurance cost is determined by a rate established by the insurance company. Depending on your anticipated payroll, your premiums will fluctuate as your payroll increases/decreases. It's important to provide the most accurate estimation as possible. If you underestimate your payroll you could be stuck with a large audit premium at the end of the policy year.
Please see our blog post regarding Workers’ Compensation audits here.