Grab Affordable Workers Comp Insurance Quote Now

Several factors influence the cost of workers' compensation insurance:

1. **Industry Risk Level**: Industries with higher risk levels, such as construction or manufacturing, typically face higher insurance premiums due to the increased likelihood of workplace injuries¹.

2. **Location**: Insurance costs can vary by state, reflecting different regulations and cost-of-living considerations².

3. **Claims History**: Businesses with a history of frequent claims may see higher premiums, as they are perceived as riskier by insurers³.

4. **Payroll Size**: The number of employees and total payroll directly impact the cost of coverage, as larger payrolls typically result in higher premiums⁴.