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If the office assistant earns $500 per week, the cost of insuring them is approximately $1.50 every week. The cost for Workers' Comp increases as the risks increase. So, if your client employs roofers or truck drivers, the cost might be $4 for every $100.
Employers' costs for workers' compensationâdefined here as premiums written for policies in the calendar year, payments made under deductible arrangements, and the benefits and administrative costs of self-insurersâwere $72.9 billion. Benefits and costs have declined from a peak in the early 1990s (Chart 1).