Worker's Compensation
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| T12: Worker's Compensation |
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| WORKERS COMPENSATION & UNEMPLOYMENT INSURANCE |
| Workers Compensation: 2007 average rates |
| Average Cost for All Classes $100 Payroll |
$1.47 average, all employees |
| Average Cost for All Manufacturng per $100 Payroll |
$2.40 average |
| Average Rate for Office Workers |
$0.28 average |
| Maximum Weekly Benefit |
$620 in 2007 (500 wk max) |
| Unemployment Insurance 2006 |
| Taxable Base |
$7,000 |
| Rate % |
| Average Among Existing Employers |
1.30% |
| Average Among New Employers |
2.70% |
| Maximum Weekly Benefit |
$390 |
| |
benefit duration 8-26 weeks |
| Source: State Chamber of Commerce, Indiana Manf. Association, Worker's Compensation Board of Indiana |
| Sources: State Chamber of Commerce, Indiana Manf Association, Worker's Compensation Board of Indiana (FAQ)webnec03. wcb.state.in.us |
Temp total Dis: 2/3 employee's average weekly wage (max=500 wks)
Temp partial dis: 2/3 of the difference between pre- and post- injoury avg wages (max 300 wks)
Perm total dis: 2/3 pre-injury wage (500 weeks)
Max weekly wage $16.05 x 2/3 =$428 |
| David Lips at IEDC referenced Mr Cooper In Comp Rating Bureau 317 842-2800 |
| www.icrb.net>>>rate is 2.40 manf |
| Ed Roberts VP, In Manf Assc--another source, have not called yet. | |