Stand Alone Policy

Workers Comp for a Reader (Code 5551) Stand Alone Policy Rate = 18.62% or HIGHER
Matching tax Rate = 14.55%
Administration cost = 6.00%
TOTAL COST = 39.17% per $100
Total Cost on a 500,000 Payroll (@195,850)

Pay-As-You-Go Comp

Workers Comp for a Roofer (Code 5551)
Stand Alone Policy Rate = 13.03%
9.75% to 7.65% after Cutoffs
Administration Cost = 1.50%
TOTLE 24.28% to 22.18% per $100
TOTAL SAVINGS! $82,325