770-250-0227 brian.smith@iousa.com
Select Page

It’s time to revisit payroll calculations used in workers’ comp
For as long as anyone can remember, the basic method for calculating workers’ compensation premiums has been RATE x PAYROLL x EXPERIENCE MOD.

Source: www.propertycasualty360.com

Details on the overall payroll miscalculation based on higher wages that do not translated into greater exposures, i.e., bonuses and commissions.  Author makes a strong and interesting point on changing the way workers’ compensation payrolls are determined.