Workers’ compensation insurance rates in North Carolina are on par with national average rates.
Every type of job is assigned a base rate for coverage by the NC Department of Insurance. Workers' compensation insurance companies must use these base rates to calculate costs but can raise or lower these base rates up to 25% based on discounts, incentives, and policyholder claims histories.
Let's look at some workers' compensation base rate ranges for a few different kinds of jobs in North Carolina. These rates are for every $100 of employer payroll.
- Landscapers: $3.88 to $10.60
- Plumbing contractors: $3.15 to $8.60
- Short haul truckers: $6.20 to $16.93
- Retail store workers: $1.30 to $3.55
- Clerical workers: $0.10 to $0.27
- Restaurant workers: $0.96 to $2.62
Companies with a good safety record will pay rates on the lower end of these ranges, while those with unusually high numbers of employee injuries will pay rates at the higher end.
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 history of accidents and workers’ compensation claims.