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The amount of coverage is regulated by state laws. Some of the factors that decide what premiums cost the employer are, classfication of business (there are hundreds)the degree of hazard, safety record and so on. If the company is strictly white-collar the premiums will be much less than those of a company that uses heavy equipment.

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18y ago
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15y ago

Worker's compensation pays differently in each state. The state of New Jersey only pays you 80% of your wages. But they find out what your weekly salary was for the 26 weeks prior to you getting injured. Example if your weekly wage was 568.80 your benefit rate would be 398.16. (for the state of NJ) I believe there are six or seven states that only pay 80% and a good deal that pay out 100% up to a certain amount depending on your injury.

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13y ago

It is a percentage base on your type of job - how much you earned doing it.

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11y ago

depends on the extent of the injury and the imparment rating and if you will need set aside money for your injuries.

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Q: How much does workman's comp insurance cost?
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