In every state, business and industry incur some expense to provide their employees with worker's compensation coverage. Companies can offer this protection through a private insurance carrier or they can become self-insurers.
Premium rates vary, depending on the risks associated with special occupations.
As in most states, the premium rates apply to an employee's total annual salary. Missouri's worker's compensation rates compare favorably with those in other states. Though benefits for claimants in other states usually increase automatically from year to year, in Missouri benefits cannot be increased without the review and approval of the state legislature.