The cost of workers’ compensation insurance varies from business to business. There are a few factors that may influence rates, such as:
The state(s) where your employees work
Your annual total payroll
Your industry
The type of work done by your employees
Your claims history
Generally speaking, the more taxing and physically demanding work results in workplace accidents and higher premium rates. Speak to an agent today to learn more about what workers’ compensation insurance may cost your small business.