How is a Georgia workers' comp premium calculated?

The base formula is payroll divided by 100, multiplied by the class base rate, multiplied by your experience modifier. Georgia is an NCCI state, so class rates come from NCCI filings adopted by the Office of Insurance and Safety Fire Commissioner. The tool then adds the state assessment and expense constant.

What is the experience modifier?

The experience modification factor compares your past claims to those of similar employers. A factor of 1.00 is average; below 1.00 rewards a good safety record with lower premium, while above 1.00 penalizes higher-than-expected losses. New or small employers usually start at 1.00.

Does Georgia have a state workers' comp fund?

No. Georgia is not a monopolistic state fund state, so employers buy coverage from private insurance carriers in a competitive market. Larger qualified employers may also self-insure with approval from the State Board of Workers' Compensation.

What is the Georgia state assessment in this calculator?

Georgia funds the administration of its workers' compensation system through an annual assessment on insurers, which carriers commonly pass through to employers as a small percentage surcharge on premium. The default rate is editable so you can match your carrier's quoted figure.

Is this an exact quote?

No. It is a manual-premium estimate. An actual bound policy also reflects premium discounts, schedule credits or debits, terrorism and catastrophe charges, minimum premiums, and payroll split across several class codes, so your real quote will differ.

Georgia Workers' Compensation Premium Calculator

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A free Georgia workers’ compensation premium calculator that estimates what an employer will pay to insure a job classification using the standard NCCI manual-premium method that Georgia adopts. It is built for Georgia small-business owners, bookkeepers, and brokers who want a fast, defensible premium estimate before requesting a formal quote.

How it works

Georgia is an NCCI rating state: each occupation has a class code with a base rate per $100 of payroll, filed by NCCI and adopted by the Georgia Office of Insurance and Safety Fire Commissioner. The premium is built in layers:

Manual premium   = (annual payroll / 100) x class base rate
Modified premium = manual premium x experience modifier
Final estimate   = modified premium + state assessment + expense constant

The experience modifier scales premium up or down based on your loss history (1.00 is average). Georgia also funds its workers’ comp administration through an assessment on insurers, modelled here as a small percentage surcharge. There is no monopolistic state fund — coverage is bought from private carriers.

Tips and example

A landscaping crew with $300,000 of payroll in a class with a $5.00 base rate and a 1.00 modifier:

units            = $300,000 / 100 = 3,000
manual premium   = 3,000 x $5.00   = $15,000
modified premium = $15,000 x 1.00  = $15,000
+ 2.5% assessment = $375 ; + $200 expense constant
estimated premium ≈ $15,575  (about 5.2% of payroll)

If your business spans several class codes — say office staff and field workers — run the tool once per code and add the results, since each code carries its own rate. Lowering your experience modifier through a strong safety record is the single biggest lever on premium. Every figure recalculates in your browser, and nothing is uploaded.