Generally, insurance is calculated based on job classifications and manual rates.
Rates are predetermined according to the type of work an employee performs and the industry of work. High‐risk occupations, such as construction workers and roofers, are charged at higher rates whereas low‐risk occupations, such as office workers, have a lower rate. The basic insurance premium is calculated by multiplying the manual rate of the job class per $100 of payroll. At the time of purchase, the premium will be based on the expected payroll for the next year. *In the case of Corporation, LLC, or Partnership, the Payroll paid to persons with less than 15% interest shall be included in the premium calculation from January 1, 2017.