Defining U.S. workers' compensation classes

Workers' compensation classes are used to represent a rate and limit used to calculate workers' compensation premiums.

You must define workers' compensation policies before you define workers' compensation classes.

Define workers' compensation classes

  1. Access US Worker's Compensation Classification (PR18.1).
  2. Select the Workers' Compensation state that the classes on this table apply to in the Workers Compensation State field.
  3. Select a process level to associate the workers' compensation classification with a specific process level in the Process Level field.
  4. Type the date the rates defined for workers' compensation classes are in effect in the Premium Effective Date field.
  5. Select the policy you want to associate with the WC classes on this form in the Policy Code field.
  6. Define the rates on for these WC classes:
    If the premiums are based on Type
    A rate per amount of wages the amount of wages in the Premium per Wages field.
    A rate per hours the number of hours in the Premium per Hours field.
    Note: Limits typed in the Annual Limit or Monthly Limit fields apply to all WC classes on the form.
  7. Define state limits:
    If the WC state uses Type
    Annual limits the annual limit of wages used to calculate premiums in the State Annual Limit field.
    Monthly limits the monthly limit of wages used to calculate premiums in the State Monthly Limit field.
  8. Select whether or not overtime pay amounts is included in the workers' compensation calculation in the Overtime Premium field.
  9. Define workers' compensation tables. Specify this information:
    Class

    The name of the workers' compensation class

    Description

    The description of the workers' compensation class.

    Rate

    The experience rate for the class.

    Note: If you made an entry in the Premium Per Wages field or the Premium Per Hours field, type an amount in this field. If you leave the Premium Per Wages and Premium Per Hours fields blank, type the experience rate as a percent.
    Limit

    If you want to assign a specific limit to each class, type the limit amount in the Limit field.

    Note: You cannot type an amount in this field if you entered an amount in either the State Annual Limit or State Monthly Limit fields.
    Type

    If you type an amount in the Limit field, select whether the amount is a annual or monthly limit.

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