Cost of workers' compensation per $100 of covered payroll and in total, 1984-2004 [1]
Year [2] |
Cost per $100 of covered payroll |
Total cost ($millions) |
|---|---|---|
| 1984 | $1.74 | $476 |
| 1985 | 2.17 | 642 |
| 1986 | 2.44 | 785 |
| 1987 | 2.30 | 813 |
| 1988 | 2.32 | 881 |
| 1989 | 2.53 | 997 |
| 1990 | 2.46 | 1,051 |
| 1991 | 2.49 | 1,113 |
| 1992 | 2.42 | 1,160 |
| 1993 | 2.60 | 1,309 |
| 1994 | 2.58 | 1,382 |
| 1995 | 2.40 | 1,326 |
| 1996 | 1.85 | 1,093 |
| 1997 | 1.61 | 1,024 |
| 1998 | 1.42 | 1,022 |
| 1999 | 1.34 | 1,035 |
| 2000 | 1.32 | 1,081 |
| 2001 | 1.45 | 1,200 |
| 2002 | 1.58 | 1,357 |
| 2003 | 1.68 | 1,467 |
| 2004 | 1.72 | 1,585 |
1. For insured employers, estimated costs consists of written premium plus premium credits for policy deductibles (a proxy for claim costs below deductible limits) less policy dividends. For self-insured employers, estimated cost consists of pure premium (payroll times pure premium rate times experience modification factor) plus administrative cost plus Special Compensation Fund assessment. Payroll is adjusted for the paid-leave exclusion through 1995. Details in Appendix.
2. Cost data is primarily by the year the premium is written for insured employers and by the year the pure premium is earned for self-insured employers.