The Law Offices of Darwin F. Johnson Explains How Workers Compensation Rates Are Calculated

ReleaseWire

Atlanta, GA -- (SBWIRE) -- 04/01/2019 -- The Law Offices of Darwin F. Johnson are the most reliable work injury lawyers in Atlanta. Recently, the firm provided information on some of the ways injury compensation is determined.

No matter the size of your business, one of the most basic costs of doing business is ensuring that your employees are insured against injuries at work. Almost every U.S business is required to have a workers compensation insurance policy.

Workers' compensation insurance premiums are calculated according to how employees are classified with regards to the work that they perform and the rate assigned to each employee classification. The premium rate itself is calculated as dollars and cents per $100 of payroll for each class code. In most states, the NCCI determines the classification rate for each set of employees.

The three factors of workers compensation premiums include the size of a companies payroll, their employee job classifications, and the company's claims experience. Premiums for workers compensation insurance are generally calculated using the formula:

Payroll (per $100) X Classification Rat X Experience Modifier = Premium

It's essential to note that each workers' compensation case is unique, so it's crucial to choose an expert attorney to handle any claims. Any individuals currently looking for a workers' compensation lawyer in Atlanta should contact The Law Office of Darwin F. Johnson by calling 404-692-6482 or visiting https://www.darwinfjohnson.com/.

About The Law Offices of Darwin F. Johnson
The Law Offices of Darwin F. Johnson provide legal defense for individuals all throughout the greater Atlanta, Georgia area. He provides effective legal defense for individuals unjustly injured while at the workplace and gets them the compensation they need. Clients of Darwin F. Johnson don't pay unless he delivers compensation.