Every Workers Compensation Insurance policy has an estimated annual premium.
At the time of purchase we can only estimate compensation of the employees what in result will produce estimated annual premium.
Every Workers Compensation Insurance policy has an estimated annual premium.
At the time of purchase we can only estimate compensation of the employees what in result will produce estimated annual premium.
Since different positions have different risk classification rates, real total policy cost could be only calculated at the policy expiration date.
Using a payroll records which shows all employees hours worked and type of labor type classification, Insurance Company will require audit of records, in order to properly adjust the Insurance Policy premium.