Workers' compensation insurance costs vary widely based on your industry's risk level, total payroll volume, geographic state regulations, and business claims history. Premiums are calculated per $100 of gross payroll multiplied by specific job classification risk codes. While low-risk office workers may cost under $20 per month, high-risk industries like construction or manufacturing face significantly higher rates. Small business owners typically pay an average baseline ranging from $40 to over $100 monthly.
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