By Christopher S. Carlson, FCAS, MAAA, BWC Chief Actuarial Officer It all comes down to an equation: Modified premium rate + Administrative cost rate + Disabled Workers’ Relief Funds assessments = Blended insurance rate per $100 of payroll With the definitions in the sidebar as reference, let’s break down the formula: All employers … Continue reading Have you ever wondered how BWC calculates your workers’ compensation insurance premium rate?