Is my Workers’ Comp quote fair?
Paste your quote details below. We compare your quoted premium to the actual filed loss cost your state approved for your class code — cited to its SERFF tracking number — and tell you whether it lands in the fair range. No blended averages, no invented numbers.
How we decide if a WC quote is fair
- Your state’s bureau (NCCI or an independent bureau like WCIRB / NYCIRB / PCRB) files an advisory loss cost per $100 of payroll for every class code — a public filing with a SERFF tracking number.
- Each carrier applies its own Loss Cost Multiplier (LCM) (expenses + profit), typically 1.20–1.50 in the voluntary market. Loss cost × payroll × LCM is the filed-rate estimate — the actuarial floor a real quote starts from.
- Your experience modifier then moves it up or down based on your own loss history. We widen the estimate for a typical mod range to get the fair range; a quote inside it is consistent with what your state’s filed rates support.
This is a filed-rate-based check, not a quote. Your actual premium depends on the carrier, your experience mod, schedule credits/debits, and state surcharges. A below-floor result can mean a genuinely good rate — or a missing coverage/misclassification worth verifying. Reviewed by Jason Wootton, Licensed P&C Agent (NPN 7694718).
Embed this checker on your site
Free to embed on any site. Paste this snippet where you want the “is my quote fair?” widget:
<iframe src="https://www.getbusinesscoverage.com/embed/quote-fairness-checker"
width="100%" height="640" frameborder="0" loading="lazy"
title="Is my Workers Comp quote fair? — Get Business Coverage"></iframe>