The good news for employers looking for coverage is that rates for workers’ compensation insurance in New Hampshire are lower than the national average.
Every different type of job is assigned a base rate for coverage. These rates are overseen by the NCCI and the NH Department of Insurance. Workers' compensation insurance companies must use these base rates but can adjust them up to 25% through policy debits, credits, and incentives.
Let's look at how much workers' compensation insurance costs for a few different kinds of jobs in New Hampshire. These price ranges are rates per every $100 of employer payroll.
- Landscapers: $4.95 to $7.65
- Plumbers: $2.91 to $4.53
- Roofing contractors: $10.91 to $16.86
- Retail store workers: $1.10 to $1.70
- Clerical workers: $0.10 to $0.15
- Restaurant workers: $1.11 to $1.71
Workers’ compensation rates are higher for jobs that have a significant risk of employee injuries and occupational illnesses. Your quoted costs will be based on the number of employees you have, how much they are paid, the types of jobs they do, and your company's safety record and workers’ compensation claims history.